SAN JOSE >> A 287-unit San Jose apartment complex with income limits was purchased for more than $80 million in a deal that points to rising values for residential properties in the Bay Area’s largest city.

According to documents filed on Monday with the Santa Clara County recorder’s office, Foxdale Village was bought for $84 million by Post Real Estate Group and Affordable Housing Access.

An affiliate controlled by both entities obtained a loan of $46.2 million from CBRE Multifamily Capital at the time of the purchase, county documents show.

Foxdale Village, located at 1250 Foxdale Loop, was built in 1979, according to Apartments.com. It is available to tenants with monthly and annual incomes that are below certain thresholds.

A household of four persons could have a maximum yearly income of $108,780 to qualify for Foxdale, and one person would be limited to a maximum income of $76,140.

The purchase of the complex was completed during a time when South Bay apartment transactions have produced relatively robust values.

Here are the results of several apartment deals in the South Bay during 2024:

• Summerwood Apartments, a 468-unit complex in Santa Clara, purchased for $203.2 million, $434,188 a unit.

• Arioso, a 201-unit complex in Cupertino, was bought in June for $123.8 million, or $615,920 a unit. This property is near the Apple spaceship headquarters.

• Moreland Apartments, a 160-unit apartment complex in San Jose, was bought for $71 million, or $433,750 a unit.

• The Harlowe, a 266-unit complex in Milpitas, was bought in October for $109.3 million, or $410,902 a unit.

The per-unit price for Foxdale Village works out to about $293,000. This value could skew a bit lower than a typical large apartment complex because it provides affordable housing.