About this home

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.

Facts and features

Schools

• Thomas P. Ryan Elementary School

  elementary · K-5 · 0.1 mi

  4

• Ocala Middle School

  middle · 6-8 · 0.8 mi

  5

• James Lick High School

  high · 9-12 · 1.2 mi

  3

• Achievekids School

  elementary · 1-12 · 0.1 mi

• Rocketship Brilliant Minds

  elementary · K-5 · 0.3 mi

  7

• Aptitud Community Academy At Goss

  elementary · K-8 · 0.4 mi

  3

Price history

• Oct 20, 2026 · Listed$4,475,000
• Jul 22, 2020 · Sold$4,275,000
• Sep 9, 2010 · Sold$1,750,000
• Jul 1, 2010 · Listing Removed$1,895,000
• Jan 21, 2010 · Listed$1,895,000
• Jun 2, 2006 · Sold$625,000
• Apr 4, 2002 · Sold$1,700,000
• May 24, 1999 · Sold$1,250,000

Tax history

• 2025$67,468 tax · $4,719,943 assessed
• 2024$66,276 tax · $4,627,396 assessed
• 2023$64,961 tax · $4,447,710 assessed
• 2022$56,347 tax · $3,780,375 assessed
• 2021$61,691 tax · $4,275,000 assessed
• 2020$33,223 tax · $2,050,074 assessed
• 2019$32,374 tax · $2,009,877 assessed
• 2018$31,978 tax · $1,970,469 assessed

Home value

$5,681,505

• Quantarium$5,681,505
• Collateral Analytics$1,533,000

Where it is