San Jose Sixteen-Unit Multifamily
2748 Kollmar Dr San Jose, CA 95127
For Sale
$4,600,000
Sixteen-unit apartment community in San Jose with recent upgrades.
Property Size10,416 SF
Lot Size0.34 Acres
Price / SF$441.63
Days on Market112
Property Features for 2748 Kollmar Dr
General Information
- Standard status
- Active
- Size
- 10,416 SF
- Lot size
- 0.34 Acres
- Property subtype
- Multifamily
Listing Agency:
Marcus & Millichap
(650) 391-1824
Listed By:
Mitchell Zurich · License #License(s): CA: 01870648
(650) 391-1824
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 10
Last Checked: Jul 23 at 7:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
The property at 2748 Kollmar Drive, San Jose, is a sixteen-unit apartment community. It features a unit mix of seven 1-bedroom x 1-bathroom units and nine 2-bedroom x 1-bathroom units. The building has approximately 10,416 square feet of rentable living space on a 15,000 square foot lot. There are sixteen covered carport parking spaces, one for each unit, along with four additional uncovered parking spaces. Residents have access to a shared on-site laundry room, with all laundry appliances included in the sale. In 2025, the property's electrical systems were upgraded, including new electrical disconnects, new primary electrical panels for the building, and new electrical panels in every unit, ensuring there are no Zinsco panels remaining. Additional improvements include new LED lighting in the rear alleyways as well as fresh paint in the common areas and on the front exterior of the building. The property is positioned to benefit from the strong rental demand and economic fundamentals of the San Jose market.
Key Highlights
- 16‑unit apartment community in San Jose.
- Desirable unit mix: seven 1‑Bed/1‑Bath and nine 2‑Bed/1‑Bath units.
- Recent electrical system upgrades in 2025: new disconnects, primary panels, and in‑unit panels (no Zinsco).
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $375.0k | $36.00 |
| − Vacancy | −$15.7k | −$1.51 |
| EGI | $359.2k | $34.49 |
| − OpEx | −$161.7k | −$15.52 |
| NOI | $197.6k | $18.97 |
10,416 SF · lease $36.00/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.82M
$2.47M – $3.29M
NOI $197,575 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.25M
$5.47M – $7.30M
NOI $437,723 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
wolfsdenproductionz
Recording Studio
FAQs
What type of property is this?
Apartment building - Sixteen-unit apartment community in San Jose with recent upgrades.
Where is this apartment building located?
The property is located at 2748 Kollmar Dr San Jose, CA.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: 16‑unit apartment community in San Jose.; Desirable unit mix: seven 1‑Bed/1‑Bath and nine 2‑Bed/1‑Bath units.; Recent electrical system upgrades in 2025: new disconnects, primary panels, and in‑unit panels (no Zinsco).
