2748 Kollmar Drive, San Jose, CA 95127

The Zurich Group of Marcus & Millichap presents 2748 Kollmar Drive, a sixteen (16) unit apartment community located in San Jose. The property features a mix of seven (7) 1-Bedroom x 1-Bathroom units and nine (9) 2-Bedroom x 1-Bathroom units. The property offers sixteen (16) covered carport parking spaces along with four (4) additional income generating uncovered parking spaces. Residents also benefit from an on-site laundry room, with $10k in commercial-grade laundry appliances included in the sale.

In addition to strong current income, various baked-in value growth opportunities exist: a new VTA station as part of the East Bay BART connection is slated to open in 2-3 years with access only ~500 ft away from the building, seven (7) units have space for bedroom additions, and rent growth within existing units through natural vacancy. There is a clear path to forced and organic appreciation.

Ownership has completed several recent capital improvements: new building electrical disconnects and panels, new panels in every unit (there are no Zinsco panels), new LED lighting in the rear alleyways, fresh paint in the common areas and front exterior, 6-year old roof, and a full $350k gut remodel of the laundry room and units 8,9, and 10 (including new plumbing, electrical, finishes, and fixtures).

San Jose, the largest city in Northern California and the tenth-largest in the United States, serves as the economic, cultural, and technological hub of Silicon Valley. Located in Santa Clara County, San Jose boasts a population exceeding 970,000 residents and anchors one of the most affluent and innovative regions in the world. The city is home to many of the world’s leading technology companies, including Adobe, Cisco Systems, eBay, and PayPal, with major employers such as Apple and Google maintaining significant presences nearby. 

The local economy benefits from a highly educated workforce, exceptional median household incomes, and sustained employment growth driven by the technology, education, and healthcare sectors. According to the U.S. Census Bureau, San Jose’s median household income surpasses $140,000 - one of the highest among major metropolitan areas in the country. 

San Jose offers a dynamic urban environment complemented by a high quality of life, featuring an average of 300 days of sunshine per year, extensive park systems, and cultural destinations such as the SAP Center, San Pedro Square Market, and the San Jose Museum of Art. The city is also home to San José State University, a key contributor to the region’s skilled labor pipeline. Continued investment in infrastructure, downtown revitalization, and large-scale mixed-use developments underscore San Jose’s position as a premier destination for business, innovation, and real estate investment in the Bay Area. 

Santa Clara County is located at the southern end of the San Francisco Bay Area and serves as the economic and geographic heart of Silicon Valley. As of 2024, the county had an estimated population of 1.94 million residents, making it the sixth most populous county in California. The region is known globally as a center for technology, innovation, and venture capital, home to many of the world’s leading tech companies and research institutions.