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Listed price in listed location currency (USD).
$4,150,000

000

MLS® ML82050774

Open House
Sun Jun 14, 2:00-4:00 PM PDTFri Jun 19, 12:00-1:00 PM PDT
  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $49,417
Days Active 1
Lot Size 0.3743 Acres
Approx. Age 1963
MLS® Number ML82050774

Property Address: 2388 Karen Drive, Santa Clara, CA, 95050

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberML82050774
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1963
Basement
Driveway
Garage Spaces
Heat
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 12, 2026List Date
$4,150,000List Price
  • Commute

Commute

Starting Address
Destination Address
2388 Karen Drive, Santa Clara, CA

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