$4,475,000
FOR SALEActive2748 Kollmar Drive
San Jose CA 95127
10,416
SF
Commercial
Type
1959
Built
$430/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
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.
Property Information
Property Overview
Commercial
Property Type
Active
Status
R-M
Zoning
0.3444 acres
Lot Size
16
Total Units
10,416 SF
Square Footage
$429.63/SF
Price per SF
$65,345
Annual Tax
1,959
Year Built
5
Parking Total
0.48
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
Data not available.
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CRMLS
MLS# ML82038375
Listed:
Nalren refreshed:
Last updated
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Listed by: Marcus & Millichap
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.