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High-Priced Apartment Deal Reflects Investor Demand for California’s South Bay Area

Prado Apartments Sale Among Priciest for Santa Clara in Years
The sale of the Prado Apartments is the latest multifamily deal for the active South Bay market. (CoStar)
The sale of the Prado Apartments is the latest multifamily deal for the active South Bay market. (CoStar)
CoStar News
March 1, 2024 | 1:27 AM

An apartment sale in the Silicon Valley city of Santa Clara is among the priciest deals over the past decade for the area, and adds to a string of high-priced sales in California's South Bay Area where strong renter demand has kept vacancy rates lower than much of the country.

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