2748 Kollmar Drive, San Jose, CA 95127
2748 Kollmar Drive, San Jose, CA 95127
2748 Kollmar Drive, San Jose, CA 95127
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$4,475,000
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10,416 SqFt
Active

2748 Kollmar Drive San Jose, CA 95127

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Key Details

Property Type COMM RI MULTI-UNITS 5

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 10,416 sqft

Price per Sqft $429

MLS Listing ID ML82038375

HOA Y/N No

Year Built 1959

Lot Size 0.344 Acres

Property Sub-Type Other

Property Description

16-UNIT APARTMENT with 7.15% IN-PLACE CAP RATE! The Zurich Group of Marcus & Millichap is pleased to present 2748 Kollmar Drive, a 16-unit apartment community in San Jose with meaningful additional upside. The property features a strong unit mix of (7) 1-bedroom and (9) 2-bedroom units, 20 parking spaces, and on-site laundry. Ownership has invested over $350,000 in renovations, including interior upgrades, new electrical panels in every unit, new building electrical disconnects and panels, exterior and common-area improvements, and a roof installed in late 2020. Located approximately 500 feet from a future VTA station currently under construction, the property offers strong in-place cash flow with additional upside through rent growth, select unit reconfigurations, and an attractive 8.09% pro forma cap rate.

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


Bridge MLS
Listed by Mitchell Zurich • Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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Grant Inaba

Grant Inaba

Agent License ID: 01905199

+1(415) 992-2330

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2748 Kollmar Drive