2748 Kollmar DR

$4,475,000

2748 Kollmar DR, San Jose, CA, 95127

10,416 sqft

Listing courtesy of Mitchell Zurich, Marcus & Millichap
Listing broker contact: 408-888-9594 · mzurich@marcusmillichap.com

Description

16-UNIT APARTMENT with 7.15% IN-PLACE CAP RATE!

The Zurich Group of Marcus & Millichap is pleased to present 2748 Kollmar Drive, a 16-unit apartment community in San Jose with meaningful additional upside. The property features a strong unit mix of (7) 1-bedroom and (9) 2-bedroom units, 20 parking spaces, and on-site laundry.

Ownership has invested over $350,000 in renovations, including interior upgrades, new electrical panels in every unit, new building electrical disconnects and panels, exterior and common-area improvements, and a roof installed in late 2020.

Located approximately 500 feet from a future VTA station currently under construction, the property offers strong in-place cash flow with additional upside through rent growth, select unit reconfigurations, and an attractive 8.09% pro forma cap rate.

Listing details

MLS #: ML82038375
Status: Active
Property type: FiveOrMoreUnits
Living area: 10,416 sqft
Lot size: 15,000 sqft
Year built: 1959
Garage: 0
List price: $4,475,000
List date: 2026-03-12
Listing agent: Mitchell Zurich
Listing office: Marcus & Millichap

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