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Listed by Magnify Real Estate
$ 3,837,500
$ 4,150,000 7.5%
Est. payment /mo
Sold on 08/12/2026
2388 Karen Drive Santa Clara, CA 95050
9,269 SqFt
UPDATED:
Key Details
Sold Price $3,837,500
Property Type Commercial
Sub Type Other
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
HOA Y/N No
Year Built 1963
Lot Size 0.374 Acres
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Natural Gas
Cooling None
Fireplace No
Appliance Dishwasher, Refrigerator
Laundry Coin Operated
Building
Water Public