2388 Karen Dr, Santa Clara, CA 95050
- Sqft
- 9,269
View property features, location on map, relevant school information and overview from seller's agent.
- 0
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Overview
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
Full feature list
Basic info
- Property type
- Multi-family
- Square feet
- 9,269
- Lot size (acres)
- 0.37
- Year built
- 1963
Utilities
- Heating
- Natural Gas
- Cooling
- None
- Sewer
- Public Sewer
- Water
- Public Water
Public schools
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Sourced from: Bay East Association of REALTORS MLS®#: ML82050774 Last checked: …
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