Investment Overview

Marcus & Millichap is pleased to present 2748 Kollmar Drive, a sixteen (16)-unit apartment community located in San Jose. The property consists of eight (8) 1-Bedroom x 1-Bathroom units and eight (8) 2-Bedroom x 1-Bathroom units. Residents benefit from sixteen (16) covered carport parking spaces and four (4) additional income-generating uncovered parking spaces, as well as an on-site laundry room featuring approximately $10,000 in commercial-grade laundry equipment included in the sale. San Jose’s multifamily market continues to demonstrate strong fundamentals, with apartment rents increasing 6.8% year-over-year as of July 2026, according to CoStar, positioning San Jose among the strongest major U.S. markets for rent growth. The property offers multiple avenues for future appreciation, including significant transit-oriented upside. A new VTA station associated with the East Bay BART connection is anticipated to open within the next two to three years, with the station located approximately 500 feet from the property. Additionally, six (6) units offer the potential for bedroom additions, while natural tenant turnover provides an opportunity to capture additional rental upside. Together, these factors provide a compelling combination of immediate income and long-term value creation through both organic and forced appreciation. Ownership has completed substantial capital improvements throughout the property, including new building electrical disconnects and panels, new electrical panels in every unit, no Zinsco panels, new LED lighting in the rear alleyways, fresh paint throughout the common areas and exterior, and a six-year-old roof. Approximately $350,000 was invested to renovate the laundry room and Units 8, 9, and 10. This included new plumbing, electrical, finishes, and fixtures.