2748 Kollmar Dr — Sale in San Jose, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: San Jose, CA 95127
Photos
Investment Figures
- Cap rate
- 7.00%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present 2748 Kollmar Drive, a sixteen (16)-unit apartment community located in San Jose. The property consists of eight (8) 1-Bedroom x 1-Bathroom units and eight (8) 2-Bedroom x 1-Bathroom units. Residents benefit from sixteen (16) covered carport parking spaces and four (4) additional income-generating uncovered parking spaces, as well as an on-site laundry room featuring approximately $10,000 in commercial-grade laundry equipment included in the sale. San Jose’s multifamily market continues to demonstrate strong fundamentals, with apartment rents increasing 6.8% year-over-year as of July 2026, according to CoStar, positioning San Jose among the strongest major U.S. markets for rent growth. The property offers multiple avenues for future appreciation, including significant transit-oriented upside. A new VTA station associated with the East Bay BART connection is anticipated to open within the next two to three years, with the station located approximately 500 feet from the property. Additionally, six (6) units offer the potential for bedroom additions, while natural tenant turnover provides an opportunity to capture additional rental upside. Together, these factors provide a compelling combination of immediate income and long-term value creation through both organic and forced appreciation. Ownership has completed substantial capital improvements throughout the property, including new building electrical disconnects and panels, new electrical panels in every unit, no Zinsco panels, new LED lighting in the rear alleyways, fresh paint throughout the common areas and exterior, and a six-year-old roof. Approximately $350,000 was invested to renovate the laundry room and Units 8, 9, and 10. This included new plumbing, electrical, finishes, and fixtures. Investment Highlights: • 16 Unit Apartment Complex: Featuring 1-Bedroom & 2-Bedroom Units • Ample Parking: 16 Assigned Carport Spaces & Additional Uncovered Spaces • 2025 Electrical Upg
Market Context
This multifamily in San Jose, CA is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in San Jose, CA — view the full market.
Contact
- Mitch Zurich · (650) 391-1824 · mzurich@marcusmillichap.com
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