$3,837,500

2388 Karen Drive, Santa Clara CA, 95050

Price per sqft$414.01

Built in1963

Property size9,269 sqft

Property typeCommercial

Bought with David Katz with Magnify Real Estate and Listed by David Katz CA DRE# 01971921 with Magnify Real Estate 408-438-0585

Overview

Sold

Closed

Listed Jun 11, 2026

Updated Aug 13

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.

Additional information

MLS^® ID: ML82050774

Interior Features

Bathrooms: 0
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 0.37 Acres

Other Property Details

Taxes: $49,417
Tax Frequency: Annually
Maintenance Expense: $9,000

Bought with David Katz with Magnify Real Estate and Listed by David Katz CA DRE# 01971921 with Magnify Real Estate 408-438-0585

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/13/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/13/2026 at 5:20 AM UTC Last Checked: 5:20 AM UTC