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2748 Kollmar Dr
San Jose, CA 95127
Multifamily Property For Sale
·
16 Units
Investment Highlights
- 6.73% current cap rate with additional upside
- Strong unit mix of one bedroom and two bedroom units
- New subpanels and new mail panel (2025)
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $391,092 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 6.73% | Building Size | 10,416 SF |
| Gross Rent Multiplier | 10.06 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.92/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3 | ||
| Price Per Unit | $391,092 CAD |
| Sale Type | Investment |
| Cap Rate | 6.73% |
| Gross Rent Multiplier | 10.06 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 10,416 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.92/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Handrails
- Vinyl Flooring
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Clubhouse
- Laundry Facilities
- Property Manager on Site
- Renters Insurance Program
- Bicycle Storage
- Hearing Impaired Accessible
- Maintenance on site
- Multi Use Room
- Online Services
- Vision Impaired Accessible
- Public Transportation
- Individual Locking Bedrooms
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 8 | - | - |
Property Taxes
| Parcel Number | 488-01-011 | Improvements Assessment | $3,349,831 CAD |
| Land Assessment | $2,944,908 CAD | Total Assessment | $6,294,739 CAD |
Property Taxes
Parcel Number
488-01-011
Land Assessment
$2,944,908 CAD
Improvements Assessment
$3,349,831 CAD
Total Assessment
$6,294,739 CAD
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