SAN JOSE — Real estate investors from Beverly Hills have paid more than the property’s assessed value to buy a San Jose apartment complex that is geared toward low-income residents.
The 152-unit apartment property at 1930 Almaden Road in south San Jose has been bought for $41 million by an affiliate controlled by Post Investment Group, documents filed on March 3 with the Santa Clara County Recorder’s Office show.
The purchase price was 20.6% above the most recently available assessed value of $34 million for the 1930 Almaden apartment property, county real estate files show…