2748 Kollmar Drive, San Jose, CA 95127
List Price: $4.6M
Listing Status: Active
0Days on Market: 98
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1959
Lot Size: 15,000 sq ft
Annual Property Tax: $66,939
MLS Number: ML82038375
About This Property
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.
Listing provided by: Mitchell Zurich DRE #01870648 (650) 391-1700 mzurich@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: ML82038375
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.