2748 Kollmar DR, San Jose, CA 95127
- $4,600,000
- 10,416
- SqFt
Listed by Mitchell Zurich, 408-888-9594 from Marcus & Millichap
(If provided) CoList: from
- List Price
- $4,600,000
- MLS#
- ML82038375
- Status
- ACTIVE
- Property Type
- Commercial
- Class
- Five or More Units
- Sqft. of Residence
- 10,416
- City
- San Jose
- Lot Size
- 15,000
- Zip
- 95127
- Sqft. of Residence
- 10,416
- Listing Area
- Alum Rock
- Neighborhood
- Alum Rock, Kollmar
- 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.
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Additional Information
- Cooling System
- None
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Covered Parking
- Carport
- 16
- 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
- Unincorporated Yn
- Yes
- Water
- Water On Site
- Zoning
- R-M
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