2388 Karen Drive, Santa Clara, CA 95050
Commercial property
Sold August 2026
Listing Agent: David Katz (DRE #01971921) · Listing Office: Magnify Real Estate · Contact: (877) 776-7718 · Bought with: David Katz · Magnify Real Estate · MLS #ML82050774 · Source: CRMLS
How this sale compares
2388 Karen Drive sold for $3,837,500 in August 2026, 7.5% under its $4,150,000 list price, after 26 days on the market.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
About this commercial property
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
Questions about 2388 Karen Drive
When did 2388 Karen Drive last sell?
2388 Karen Drive last sold in August 2026 for $3,837,500, according to CRMLS-reported closed sales.
What did 2388 Karen Drive sell for?
$3,837,500, 7.5% below the $4,150,000 list price, after 26 days on the market.
Is 2388 Karen Drive for sale now?
2388 Karen Drive is not currently listed on the MLS. Browse current homes for sale in Santa Clara on Nalren.