$4,475,000

2748 Kollmar Drive, San Jose CA, 95127

Price per sqft$429.63

Built in1959

Property size10,416 sqft

Property typeCommercial

Overview

Active

Listed Mar 12, 2026

Updated 3 weeks ago

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.

Additional information

MLS^® ID: ML82038375

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.34 Acres

Other Property Details

Taxes: $65,345
Tax Frequency: Annually
Maintenance Expense: $8,000

Listed by Mitchell Zurich, Marcus & Millichap, CA DRE 01870648

Listing Contact: 408-888-9594

Based on information from the CRISNet MLS as of 9/25/2026, 3:46 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.