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Listed by Mitchell Zurich • Marcus & Millichap, DRE#01870648
$4,600,000
Est. payment /mo
3 Beds
2 Baths
10,416 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 10,416 sqft
Price per Sqft $441
MLS Listing ID ML82038375
Bedrooms 3
Full Baths 2
Year Built 1959
Lot Size 0.344 Acres
Property Sub-Type Five or More Units
Property Description
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.
Location
State CA
County Santa Clara
Area Alum Rock
Zoning R-M
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Covered Parking
Utilities Available Other
Roof Type Flat / Low Pitch
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer Connected
Water Water On Site
Others
Restrictions None
Tax ID 488-01-011
Security Features None
Special Listing Condition Not Applicable
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