2748 Kollmar Dr - Apartments FOR SALE


San Jose, CA 95127- Ryan
$4,600,000 USD
408-888-9594
2748 Kollmar Dr, San Jose, CA for Sale
$4,600,000 USD
Apartments - FOR SALE
1/10
null | 6.73% Cap Rate

2748 Kollmar Dr
San Jose, CA 95127
Ryan


HIGHLIGHTS

  • 6.73% current cap rate with additional upside
  • New subpanels and new mail panel (2025)
  • Strong unit mix of one bedroom and two bedroom units

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$442 USD /SF

# OF UNITS

16

PRICE/UNIT

$287,500

CAP RATE

6.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

R3

APN/PARCEL ID

488-01-011

ASK ABOUT THIS PROPERTY

Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

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Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.