2748 Kollmar DR, San Jose, CA 95127
2748 Kollmar DR, San Jose, CA 95127
2748 Kollmar DR, San Jose, CA 95127
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Mitchell Zurich • Marcus & Millichap, DRE#01870648
$4,475,000
Est. payment /mo
3 Beds
2 Baths
10,416 SqFt
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Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 10,416 sqft

Price per Sqft $429

MLS Listing ID ML82038375

Bedrooms 3

Full Baths 2

Year Built 1959

Lot Size 0.344 Acres

Property Sub-Type Five or More Units

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

Area Alum Rock

Zoning R-M

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Covered Parking

Utilities Available Other

Roof Type Flat / Low Pitch

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer Connected

Water Water On Site

Others

Restrictions None

Tax ID 488-01-011

Security Features None

Special Listing Condition Not Applicable

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Sharad Gupta
Sharad Gupta

Broker License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA 95054, USA

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2748 Kollmar DR

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