2748 Kollmar DR, San Jose, CA 95127
- $4,600,000
- 10,416
- SqFt
- List Price
- $4,600,000
- MLS#
- ML82038375
- Status
- ACTIVE
- Property Type
- com
- Sqft. of Residence
- 10,416
- Lot Size
- 15,000
- Listing Area
- Alum Rock
- Year Built
- 1959
Property Description
The Zurich Group of Marcus & Millichap is please to present 2748 Kollmar Drive, a 16-unit apartment complex located in San Jose offering a rare high in-place yield opportunity in Silicon Valley. The property features a strong unit mix of one bedroom and two bedroom units, a layout that supports consistent tenant demand. The asset offers an attractive ~6.73% current cap rate with additional upside potential, allowing investors to benefit from strong in-place income with the opportunity to further increase cash flow through continued rental growth and operational improvements. The property also benefits from recent electrical upgrades including a new main panel and new subpanels installed in 2025. Ideally located one block from a new VTA Light Rail station currently under construction, the property benefits from excellent commuter access and close proximity to major Silicon Valley employment centers, supporting long-term rental demand.
Additional Information
- Age
- 67
- Cooling System
- None
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Covered Parking
- Heating System
- Wall Furnace
- Living Area
- 10,416
- Lot Size
- 15,000
- Neighborhood
- Alum Rock
- Other Utilities
- Other
- Roof
- Flat / Low Pitch
- Sewer
- Sewer Connected
- Special Features
- None
- Total Number Of Units
- 16
- Unincorporated Yn
- Yes
- Zoning
- R-M
Mortgage Calculator
Listing courtesy of Mitchell Zurich from Marcus & Millichap. 408-888-9594
Based on information from MLSListings MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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