2388 Karen Drive, Santa Clara, CA 95050

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.

Listing description from the August 2026 sale, as reported to CRMLS.

Sale history

$3,837,500

Sold August 2026 · listed $4,150,000, on market June 2026, 26 days on market · MLS #ML82050774 · Source: CRMLS

Listing Agent: David Katz · Listing Office: Magnify Real Estate · Contact: (877) 776-7718 · Bought with: David Katz · Magnify Real Estate

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