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David Cao

david@davidcao.homes +1(669) 245-6688

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

$ 4,150,000

Est. payment -/mo

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Open Sun 2PM-4PM

2388 Karen DR Santa Clara, CA 95050

3 Beds

2 Baths

9,269 SqFt

Open House

Sun Jun 14, 2:00pm - 4:00pm

Fri Jun 19, 12:00pm - 1:00pm

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,269 sqft

Price per Sqft $447

MLS Listing ID ML82050774

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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