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2710-2718 Kollmar Dr 42 Unit Apartment Building $14,668,000 ($349,238/Unit) 6.80% Cap Rate San Jose, CA 95127
Investment Highlights
- 42-unit multifamily asset consisting of of 41 2×1 units and 1 Studio offering an efficient and stable in demand unit.
- Upside Potential on Rent Increases through Turnover and Upgrades. Low Vacancy only 1.
- Proximity to Cal Train Transit and Jobs – Excellent Access / Minutes from Silicon Valley major employers
- Attractive long-term appreciation outlook backed by San Jose’s strong household incomes and continued demand for rental housing.
Executive Summary
Seller maybe able to carry back short term only.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $14,668,000 | Building Class | C |
| Price Per Unit | $349,238 | Lot Size | 1.01 AC |
| Sale Type | Investment | Building Size | 27,102 SF |
| Cap Rate | 6.80% | Average Occupancy | 99% |
| No. Units | 42 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.55/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3 - R3 | ||
| Price | $14,668,000 |
| Price Per Unit | $349,238 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.01 AC |
| Building Size | 27,102 SF |
| Average Occupancy | 99% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | R3 - R3 |
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Disposal
- Storage Space
- Washer/Dryer
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Wi-Fi
- Yard
- Garden
- Handrails
- Lawn
Site Amenities
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Property Manager on Site
- Gated
- Gas Range
- Recycling
- Trash Pickup - Curbside
- Maintenance on site
- Public Transportation
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,450 | 300 |
| 2+1 | 41 | $2,675 | 600 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Total Assessment | $11,899,624 | |
| Land Assessment | $5,953,372 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $5,946,252 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$5,953,372
Improvements Assessment
$5,946,252
Total Assessment
$11,899,624
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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2710-2718 Kollmar Dr
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