Multifamily Property for Sale in San Jose, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Jose, CA 95127

Description

Marcus & Millichap is pleased to present 2748 Kollmar Drive, a sixteen (16) unit apartment community located in San Jose. The property features a desirable unit mix of seven (7) 1-Bedroom x 1-Bathroom units and nine (9) 2-Bedroom x 1-Bathroom units, totaling approximately 10,416 square feet of rentable living space situated on a 15,000 square foot lot. The property offers sixteen (16) covered carport parking spaces—one for each unit—along with four (4) additional uncovered parking spaces. Residents also benefit from a shared on-site laundry room, with all laundry appliances included in the sale. Ownership has completed several recent capital improvements to the property. In 2025, all electrical systems were upgraded, including new electrical disconnects, new primary electrical panels for the building, and brand new electrical panels installed 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. 2748 Kollmar Drive presents investors with the opportunity to acquire a well-maintained multifamily asset with recent system upgrades in the heart of Silicon Valley, positioned to benefit from the strong rental demand and economic fundamentals of the San Jose market. Investment Highlights: • 16 Unit Apartment Complex: Featuring Seven 1-Bedroom Units & Nine 2-Bedroom Units • Ample Parking: 16 Assigned Carport Spaces & Additional Uncovered Spaces • 2025 Electrical Upgrades: New Electrical Disconnects, New Main Panels, and Brand-New Electrical Panels in Every Unit • On-Site Laundry Facility with Laundry Appliances Included in the Sale • Recent Capital Improvements: New LED Lighting in Rear Alleyways and Fresh Paint in Common Areas and Front Exterior

Market Context

This multifamily in San Jose, CA is listed for sale. It is offered at an approximate 6.7% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in San Jose, CA — <a href="/search/sale/multifamily/california/san-jose">view the full market</a>.

As of Q3 2021, the Silicon Valley multifamily market showed a 4.4% vacancy rate, and average asking rents near $1591.00/unit/mo. Source: Www.lee-Associates.com Q3 2021 market report.

Tight vacancy keeps competition for quality space elevated.

Multifamily market FAQ

Is the Silicon Valley multifamily market tightening or softening?
Vacancy is around 4.4% (Q3 2021).

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