2421 Karen Dr - Apartments FOR SALE


Santa Clara, CA 95050- Outer Santa Clara
$2,068,000 USD
650-483-0305
2421 Karen Dr, Santa Clara, CA for Sale
$2,068,000 USD
Apartments - FOR SALE
1/10
null | 3.44% Cap Rate

2421 Karen Dr
Santa Clara, CA 95050
Outer Santa Clara


HIGHLIGHTS

  • Two 2-bed units fully remodeled (May 2023 & June 2024)
  • New roof and exterior paint (2025)
  • Utilities: Individually metered for gas & electricity (master water meter)
  • Parking: Four covered spaces
  • On-site laundry

OVERVIEW

Century 21 Commercial proudly presents 2421 Karen Drive, a meticulously maintained four-unit multifamily investment nestled in the heart of vibrant Santa Clara, California. This prime asset offers a mix of two upgraded two-bedroom, one-bath units and two original one-bedroom, one-bath units, providing a blend of stabilized income and promising value-add potential. Recent capital improvements, including a new roof and exterior paint in 2025, ensures reduced near-term maintenance costs. Units 2 and 3 were fully remodeled in May 2023 and June 2024, featuring modern interior finishes. Boasting approximately 2,400 square feet of living space on a 0.16-acre (6,970 sqft) lot, this low-rise property presents a desirable one-story layout and individual gas and electricity metering for each unit. With a prime location offering easy access to major Silicon Valley employers, top universities, and premier retail and dining destinations, this asset represents an attractive long-term investment opportunity with continued upside potential. Discover the vibrant surroundings of Santa Clara, known for its dynamic business environment and prime location in the heart of Silicon Valley. The area offers convenient access to major tech companies, including the headquarters of various industry giants. Just minutes away, the popular Levi's Stadium provides a hub for entertainment and sports events. Nearby, the historic Santa Clara University campus and beautiful outdoor spaces like Central Park and the San Tomas Aquino Creek Trail offer a perfect balance of work and leisure. With its seamless blend of innovation, culture, and recreation, the Santa Clara location presents an enticing opportunity for Oce / Oce Building investors seeking to capitalize on the dynamic local market.

FOR SALE DETAILS

PRICE

$2,068,000 USD

PRICE/SF

$862 USD /SF

# OF UNITS

4

PRICE/UNIT

$517,000

CAP RATE

3.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R-3-18D

APN/PARCEL ID

290-37-037

ASK ABOUT THIS PROPERTY

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650-483-0305

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Rami BahuCentury 21 MastersMore Info
650-483-0305

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.