The 2nd Street LLC Acquires 39-Unit First Street Manor in San Jose for $9.1MM

A San Jose-based investor paid $9.112 million for a 78-year-old apartment building a block from the Japantown light rail stop, betting that value-add upside and one of the country's tightest rental markets can outweigh borrowing costs that have kept many mid-sized multifamily buyers on the sidelines.