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$ 4,600,000
Est. payment | /mo
0.34 Acres Lot
$ 4,600,000
Est. payment | /mo
0.34 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82038375
HOA Y/N No
Year Built 1959
Annual Tax Amount $66,939
Lot Size 0.344 Acres
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 699 - Not Defined
Zoning R-M
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 16
Utilities Available Other
Roof Type Flat
Total Parking Spaces 5
Schools
School District Other
Others
Tax ID 48801011
Special Listing Condition Standard
Listed by Mitchell Zurich Marcus & Millichap #01870648