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.
149 days
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60
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1
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Zillow last checked:
Listing updated:
Listed by:
Mitchell Zurich01870648408-888-9594,
Marcus & Millichap650-391-1700
Source: MLSListings Inc,MLS#: ML82038375
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Heating
Wall Furnace
Cooling
None
Features
Doors: None
Interior area
Total structure area: 10,416
Total interior livable area: 10,416 sqft
Property
Parking
Total spaces: 5
Parking features: Covered
Has carport: Yes
Accessibility
Accessibility features: None
Lot
Size: 0.34 Acres
Details
Parcel number: 48801011
Zoning: R-M
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Five Or More Units, Residential Income
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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