Jerome F. Ruddy, a private investor, purchased 1489 Fruitdale Ave., a 42-unit apartment complex in San Jose, CA, for a confirmed $6.7 million, $159,524 per unit or $194.76 per square foot in a 1031 Tax Exchange. Constructed in 1964, the 2-story complex totals 34,375 square feet on 1.21 acres and consists of 2 studio units, 12 1-bedroom/1-baths, 17 2-bedroom/1-baths, 10 2-bedroom/2-baths, and a 3-bedroom/2-bath unit. Mary Driedger with Associated Capital Consultants Inc. in San Jose represented both the buyer and the seller, Schockowitz Family, LP. By: Carolyn Mitchell & Lawrence Kopp (5/8/02)