$4,600,000
About this home
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.
Facts & features
- Bathrooms
- 0
- Heating
- Wall Furnace
- Cooling
- None
- Lot size
- 0.344 acres (15,000 sq ft)
- Year built
- 1959
- Parking spaces
- 5
- Area
- 699 - Not Defined
- County
- Santa Clara
- Status
- Active
- Property type
- Commercial Sale
- Days on market
- 130
- Listed
- 2026-03-12
- Parcel #
- 48801011
- MLS #
- ML82038375
