2388 Karen Drive, SANTA CLARA, CA 95050

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2388 Karen Drive, SANTA CLARA, CA 95050

(Pending)

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Listed by: David Katz - Magnify Real Estate

Pending

est.$4,150,000/month.

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beds. baths. 9,269 Sqft.

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This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Mortgage Broker

Ray Avanzino
Polaris Capital Partners
Ray@polariscappartners.com
(650) 576-6531
NMLS# 288504
Company NMLS# 01391664

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or Call Now: (650) 576-6531

2388 Karen Drive, SANTA CLARA, CA 95050

$4,150,000

Pending

est.$4,150,000/month.

Start My Approval

beds baths 9,269 Sq.ft.

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Property details for 2388 Karen Drive, SANTA CLARA, CA 95050

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.

Broker details: Magnify Real Estate

Listed by: David Katz
Co-listing Broker: Magnify Real Estate
Co-listing Agent: Eric Katz