2388 Karen DR, Santa Clara, CA 95050
2388 Karen DR, Santa Clara, CA 95050
2388 Karen DR, Santa Clara, CA 95050
2388 Karen DR, Santa Clara, CA 95050
2388 Karen DR, Santa Clara, CA 95050
2388 Karen DR, Santa Clara, CA 95050
Andrew Hartland
Andrew Hartland

Broker | License ID: 01003587

+1(408) 206-0122

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Listed by David Katz • Magnify Real Estate, DRE#01971921
Bought with David Katz • Magnify Real Estate

$ 3,837,500

$ 4,150,000 7.5%

Est. payment | /mo

3 Beds

2 Baths

9,269 SqFt

$ 3,837,500

$ 4,150,000 7.5%

Est. payment | /mo

3 Beds

2 Baths

9,269 SqFt

Key Details

Sold Price $3,837,500

Property Type Commercial

Sub Type Five or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 9,269 sqft

Price per Sqft $414

MLS Listing ID ML82050774

Sold Date 08/12/26

Bedrooms 3

Full Baths 2

Year Built 1963

Lot Size 0.374 Acres

Property Sub-Type Five or More Units

Property Description

Magnify is pleased to present 2388 Karen Drive, a rare opportunity to acquire a classic value-add apartment community in Santa Clara, one of the most landlord-friendly rental markets in Silicon Valley. Ideally located 2 miles from NVIDIA and 3 miles from Apple, the property offers investors an excellent location with significant upside in an irreplaceable employment corridor. Offered for sale for the first time in 40+ years, the building consists of 9,269 building square feet on a large 0.37-acre parcel. The property features a desirable unit mix of (8) 2BD/1BA and (4) 1BD/1BA, catering to a broad tenant base. Residents benefit from dishwashers, functional floor plans, and a swimming pool that enhances tenant appeal and retention. Several major capital improvements include a new roof (2019) and water heater (2026). The property also has copper plumbing, low-maintenance hardscaping, and completed the SB-721 inspection. This asset presents a compelling investment with over 30% upside in rental income through renovations. Combining substantial income upside and a premier location near some of the world's largest technology employers, 2388 Karen Drive represents a rare opportunity for a high-growth property with immediate and long-term value creation potential.

Location

State CA

County Santa Clara

Area Santa Clara

Zoning R3

Interior

Heating Gas

Cooling None

Flooring Carpet, Vinyl / Linoleum

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Carport

Pool Pool - In Ground

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition,Shingle

Building

Foundation Post and Pier, Wood Frame

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 290-36-068

Security Features None

Special Listing Condition Not Applicable

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2388 Karen DR