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Berkshire Hathaway HomeServices California Properties

2748 Kollmar Drive, San Jose, CA 95127

$4,600,000 Approx. USD

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Mitchell Zurich | mzurich@marcusmillichap.com
Lic#: 01870648
Broker: Courtesy of Marcus & Millichap
Phone: 408-888-9594

Listing Details

Property type: (Commercial)

Property Sub-Type:

Status: Active

Listing ID: ML82038375

Price: $4,600,000

Rental Rate: $4,600,000

Lot Size:

HOA Fee is $0.00

Built in 1959

0.34 acres

County: Santa Clara

Zoning: R-M

Heating/cooling: None

Heating description: Wall Furnace

Last Updated: 8/4/2026

Days On Market (DOM): 147

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Lat/Long: 37.351142, -121.824174.
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Lot Details

Easement Present: (Easement present. For more information, contact agent.)

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Property Details

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.

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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