$ 4,150,000
-
$4,150,000
Price -
0
Bed -
0
Bath -
9,269
SqFt
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About the Listing ML5099692 - ML5092319,ML5095484
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.
Listing Highlights
Status
Active With Contingency
Days on Site
23
Property Type
Commercial Sale
MLS ®
ML82050774
Year Built
1963
Total Square Footage
9,269
Lot/Acreage
0.37
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: R3
- Roof: Composition,Shingle
- Others:
- Sewer:
Financial Details
- Tax Amount: $49,417
- Taxes w/Assessments: N/A
- Tax/Property ID: 29036068
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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% Down Payment
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Questions About..
2388 Karen Dr Santa Clara, CA 95050
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