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$4,475,000
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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.
Full Property Details
Full Property Details for 2748 Kollmar Dr
General
- Price: $4,475,000
- Status: Active
- Type: Commercial Residential Facility
- Source: RE_Infolink
- MLS ID: ML82038375
- Updated: 8/24/2026
- Added to Site: 172 day(s) ago
Additional Information
- Security/Safety: None
Parking
- Parking Features: Covered Parking
Location
- Area: Alum Rock
- County: Santa Clara
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Sewer Connected
- Water: Water on Site
- Utility Description: Other
- Metering: Master Water
Structural Information
- Foundation: Concrete Perimeter and Slab
- Roof: Flat / Low Pitch
- Disability Access: None
- Square Feet: 10,416
- Year Built: 1959
Unit Information
- Units in Building: 16
Unit 1
- Bedrooms: 2
Unit 2
- Bedrooms: 1
Lot Features
- Minimum Lot Size: 15000
- Building Sites: 1
- Zoning: R-M
Disclosures and Reports
- Restrictions: None
Listed by Marcus & Millichap, Mitchell Zurich
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Schools
Schools serving 2748 Kollmar Dr
| Name | Grades | Distance |
|---|---|---|
Thomas P. Ryan Elementary School 1241 McGinness Avenue, San Jose, CA 95127 | K-5 | 0.1 mi |
Ocala Middle School 2800 Ocala Avenue, San Jose, CA 95148 | 6-8 | 0.8 mi |
James Lick High School 57 North White Road, San Jose, CA 95127 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2748 Kollmar Dr
Date
Details
Price
Change
Source
8/24/2026
Price Reduced
$4,475,000
-2.72%
MLS
3/12/2026
Listed
$4,600,000
7.6%
MLS
7/15/2020
Sold
$4,275,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2748 Kollmar Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$67,469
—
$4,719,943
2%
2025
$67,469
2%
$4,627,396
2%
2024
$66,276
2%
$4,536,664
2%
2023
$64,961
15%
$4,447,710
18%
2022
$56,348
-9%
$3,780,375
-12%
2021
$61,691
86%
$4,275,000
109%
2020
$33,223
3%
$2,050,074
2%
2019
$32,375
1%
$2,009,877
2%
2018
$31,978
—
$1,970,469
2%
2017
$32,067
6%
$1,931,833
2%
2016
$30,254
1%
$1,893,955
2%
2015
$30,103
4%
$1,865,507
2%
2014
$29,022
—
$1,828,965
—
2013
$29,008
—
$1,820,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2748 Kollmar Dr
2748 Kollmar Dr, San Jose, CA 95127 (MLS# ML82038375) is a Commercial Residential Facility property. 2748 Kollmar Dr is currently listed for $4,475,000 and was received on March 12, 2026. Want to learn more about 2748 Kollmar Dr? Do you have questions about finding other Commercial Residential Facility real estate for sale in San Jose? You can browse all San Jose real estate or contact a Coldwell Banker agent to request more information.

