$4,475,000

2748 Kollmar Drive, San Jose CA, 95127

Price per sqft$429.63

Built in1959

Property size10,416 sqft

Property typeCommercial

Listed by Mitchell Zurich CA DRE# 01870648 with Marcus & Millichap 408-888-9594

Overview

Active

Listed Mar 12, 2026

Updated 12 days 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 CA DRE# 01870648 with Marcus & Millichap 408-888-9594

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 9/25/2026 at 3:52 AM UTC Last Checked: 3:52 AM UTC