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$ 4,600,000
Est. payment | /mo
10,416 SqFt
$ 4,600,000
Est. payment | /mo
10,416 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,416 sqft
Price per Sqft $441
MLS Listing ID ML82038375
HOA Y/N No
Year Built 1959
Lot Size 0.344 Acres
Property Sub-Type Other
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
Zoning R-M
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 48801011
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Listed by Mitchell Zurich • Marcus & Millichap
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Patrick Nagel
REALTOR® | Lic# 1760790