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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 agent: Mitchell Zurich DRE #01870648 mzurich@marcusmillichap.com, Listing office: Marcus & Millichap
MLS data updated 10/24/2026, 5:48:40 PM PT
Source: CRMLS, MLS #: ML82038375
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Aug 24, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$4,475,000Asking price recorded · Aug 24, 2026ZIP 95127 · Aug 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.