S
an Jose – The 160‑unit Atrium Garden at 1536 Kerley Dr. was acquired for $18.5 million by Interstate Equities, a Los Altos real‑estate group, per Santa Clara County records filed Oct. 23. The four‑story, 2000‑built building sits north of downtown, yielding a unit price of about $115,600 – below recent South Bay averages. For comparison, ViO’s 234‑unit complex in South San Jose sold in late September for $100 million, or $427,400 per unit, while other local deals often exceeded $350,000 per unit. Marcus & Millichap’s Q2 apartment market report notes that rising home prices (up 10% in 2024) could boost rental demand from buyers priced out of the market.
