2748 Kollmar DR, San Jose, CA 95127
2748 Kollmar DR, San Jose, CA 95127
2748 Kollmar DR, San Jose, CA 95127
2748 Kollmar DR, San Jose, CA 95127
2748 Kollmar DR, San Jose, CA 95127
2748 Kollmar DR, San Jose, CA 95127
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Scott D. Comstock

Scott D. Comstock

+1(559) 681-9500
Listed by Mitchell Zurich • Marcus & Millichap, DRE#01870648
$ 4,600,000
Est. payment | /mo

3 Beds

2 Baths

10,416 SqFt

Save
$ 4,600,000
Est. payment | /mo
Save

3 Beds

2 Baths

10,416 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 10,416 sqft

Price per Sqft $441

MLS Listing ID ML82038375

Bedrooms 3

Full Baths 2

Year Built 1959

Lot Size 0.344 Acres

Property Sub-Type Five or More Units

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.

Location

State CA

County Santa Clara

Area Alum Rock

Zoning R-M

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Covered Parking

Utilities Available Other

Roof Type Flat / Low Pitch

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer Connected

Water Water On Site

Others

Restrictions None

Tax ID 488-01-011

Security Features None

Special Listing Condition Not Applicable

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NEARBY SCHOOLS & PROPERTIES

Scott D. Comstock

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 681-9500

scott@homesandwealth.com

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2748 Kollmar DR