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Buyers launch shopping spree for smaller South Bay apartment buildings

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Investors have launched a shopping spree for South Bay apartment complexes in deals that suggest buyers still hunger for Bay Area real estate in prime locations despite widening economic uncertainties.

The just-purchased apartment centers are large and small. In most instances, the buyers appeared to be looking for attractive investments. In one case, the new owner grabbed a site that’s slated to be redeveloped as a different type of housing.

The deals occurred over two weeks and involved four apartment complexes with a combined nearly 500 units.

The buyers paid a combined $243.8 million for the quartet of residential properties, documents on file with the Santa Clara County Recorder’s Office show.

Fenced off site of the former Mountain View Garden Apartments at 570 South Rengstorff Avenue in Mountain View. (Google Maps)


Investors have launched a shopping spree for South Bay apartment complexes in deals that suggest buyers still hunger for Bay Area real estate in prime locations despite widening economic uncertainties.

The just-purchased apartment centers are large and small. In most instances, the buyers appeared to be looking for attractive investments. In one case, the new owner grabbed a site that’s slated to be redeveloped as a different type of housing.

The deals occurred over two weeks and involved four apartment complexes with a combined nearly 500 units.

The buyers paid a combined $243.8 million for the quartet of residential properties, documents on file with the Santa Clara County Recorder’s Office show.

Fenced off site of the former Mountain View Garden Apartments at 570 South Rengstorff Avenue in Mountain View. (Google Maps)
Fenced off site of the former Mountain View Garden Apartments at 570 South Rengstorff Avenue in Mountain View. (Google Maps)

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