An affiliate of Oberndorf Real Estate Management (OBREM), in partnership with The Bascom Group, has acquired Museum Park Apartments, a 117-unit class B+ multifamily property in San Jose for $53.1 million.
Built in 2002, the three-story, garden-style community spans 12 buildings across 3 acres at 465 W. San Carlos St. Floorplans range from one- to three-bedroom apartments, averaging 1,035 square feet per unit. The property includes 130 parking spaces, with most units featuring attached private garages and more than half providing direct access to the homes. Amenities include in-unit washers and dryers, a fitness center, green space, barbecue areas and a dog park.
Museum Park is located near downtown San Jose employment centers and transportation infrastructure, including San Jose Diridon Station, which is less than 1 mile away. The property also offers access to Interstate 280 and Highway 87, along with major Silicon Valley employers.
“This acquisition marks OB
