2388 Karen DR, Santa Clara, CA 95050
- $4,150,000
- 9,269
- SqFt
Listed by David Katz, 408-438-0585 from Magnify Real Estate
(If provided) CoList: Eric Katz from Magnify Real Estate
- List Price
- $4,150,000
- Closing Date
- Aug 12, 2026
- MLS#
- ML82050774
- Status
- PENDING (DO NOT SHOW)
- Sqft. of Residence
- 9,269
- Lot Size
- 16,305
- Listing Area
- Santa Clara
- Year Built
- 1963
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.
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Additional Information
- Cooling System
- None
- Days On Market
- Unknown
- Floor Covering
- Carpet, Vinyl / Linoleum
- Foundation
- Post and Pier, Wood Frame
- Garage Parking
- Assigned Spaces, Carport
- Heating System
- Gas
- Laundry Facilities
- Coin Operated
- Living Area
- 9,269
- Lot Size
- 16,305
- Neighborhood
- Santa Clara
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Pool Description
- Pool - In Ground
- Roof
- Composition, Shingle
- Sewer
- Sewer - Public
- Zoning
- R3
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