2388 Karen DR, Santa Clara, CA 95050
2388 Karen DR, Santa Clara, CA 95050
2388 Karen DR, Santa Clara, CA 95050
41
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Listed by David Katz, DRE #01971921 • Magnify Real Estate
Bought with David Katz DYNA8
$3,837,500
$4,150,000 7.5%
Est. payment /mo
3 Beds
2 Baths
9,269 SqFt
Sold on 08/12/2026

2388 Karen DR Santa Clara, CA 95050

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Epique Realty
Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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Key Details

Sold Price $3,837,500

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 9,269 sqft

Price per Sqft $414

MLS Listing ID ML82050774

Sold Date 08/12/26

Bedrooms 3

Full Baths 2

Year Built 1963

Lot Size 0.374 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property 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.

Location

State CA

County Santa Clara

Area Santa Clara

Zoning R3

Interior

Heating Gas

Cooling None

Flooring Carpet, Vinyl / Linoleum

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Carport

Pool Pool - In Ground

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition,Shingle

Building

Foundation Post and Pier, Wood Frame

Sewer Sewer - Public

Water Public

Others

Tax ID 290-36-068

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
Copyright 2026 MLSListings Inc All rights reserved.

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Epique Realty

Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

Name
Phone*
Message

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2388 Karen DR