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2421 Karen Drive, Santa Clara, California 95050, Santa Clara, 95050 - bed, bath

2421 Karen Drive, Santa Clara, California 95050 home-pic-0
ACTIVE UNDER CONTRACT$2,068,000
2421 Karen Drive, Santa Clara, California 95050
0Bed
0Bath
2,400Sqft
6,896Lot
Year Built
1960
Close
-
List price
$2.07M
Original List price
$2.07M
Price/Sqft
$862
HOA
-
Days on market
89 Days
Sold On
2026-02-04
MLS number
ML82025977
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.07M(80th), sqft - 2400(50th), beds - undefined(50th), baths - undefined(50th).

Century 21 Commercial is pleased to present 2421 Karen Drive, a well-maintained four-unit multifamily investment opportunity located in the heart of Santa Clara, California. The property consists of two upgraded two-bedroom, one-bath units and two original one-bedroom, one-bath units, offering an ideal combination of stabilized income and value-add potential. Recent capital improvements include a new roof and exterior paint completed in 2025, providing reduced near-term maintenance costs. Units 2 and 3 were fully remodeled in May 2023 and June 2024 with modern interior finishes. The property encompasses approximately 2,400 square feet of living space on a 0.16-acre lot, featuring a low-rise design, concrete perimeter foundation, and desirable one-story layout. Each unit is individually metered for gas and electricity, with a master water meter. The property offers four covered carport spaces plus additional off-street parking, as well as a private backyard suitable for tenant gatherings. Positioned in a prime central Santa Clara location, the asset provides convenient access to major Silicon Valley employers, top universities, and premier retail and dining destinations making it an attractive long-term investment with continued upside potential.

Nearby schools

6/10
C. W. Haman Elementary School
Public,•K-5•0.2mi
5/10
Buchser Middle School
Public,•6-8•1.3mi
6/10
Santa Clara High School
Public,•9-12•0.8mi

Price History

Date
Event
Price
11/07/25
Listing
$2,068,000
02/25/22
Sold
$1,638,000
04/13/16
Sold
$1,200,000
05/10/11
Sold
$14,000
05/18/01
Sold
$670,000
Condition Rating
Good
The property, built in 1960, presents a mixed condition. Two of the four units (Units 2 and 3) were fully remodeled in May 2023 and June 2024 with modern interior finishes, indicating excellent condition for those units, including kitchens and bathrooms. A new roof and exterior paint are also planned for 2025, contributing to overall good maintenance. The remaining two units are original but described as 'well-maintained.' Images of these original units show dated but functional spaces with hardwood floors, wall heaters, and basic kitchen/dining areas. While these original units show signs of age and could benefit from updates (as noted by the 'value-add potential'), they are not in disrepair. The significant recent renovations to half the property, combined with the maintained condition of the older units, elevate the overall property condition to 'Good,' as it is move-in ready with no immediate major renovations required for habitability, though some units are outdated.
Pros & Cons

Pros

Prime Silicon Valley Location: The property boasts a central Santa Clara location, offering excellent access to major Silicon Valley employers, top universities, and premier retail and dining destinations, ensuring strong tenant demand.
Recent Capital Improvements: Significant recent capital improvements, including a new roof and exterior paint completed in 2025 (planned/scheduled), reduce near-term maintenance costs and enhance the property's curb appeal.
Partially Remodeled Units: Two of the four units (Units 2 and 3) were fully remodeled in May 2023 and June 2024 with modern interior finishes, attracting quality tenants and commanding higher rental income.
Value-Add Potential: The mix of upgraded and original units presents a clear value-add opportunity for a new owner to renovate the remaining two units, significantly increasing overall rental income and property value.
Tenant-Friendly Features: Each unit is individually metered for gas and electricity, reducing landlord utility burdens, and the property offers ample covered carport spaces plus additional off-street parking and a private backyard.

Cons

Unrenovated Units: Two of the four units remain in their original condition, requiring substantial capital investment for renovation to align with market expectations and maximize rental potential.
Master Water Meter: The property utilizes a master water meter, placing the burden of water utility costs on the landlord or necessitating the implementation of a sub-metering system.
Aging Infrastructure (Partial): Despite recent exterior improvements and unit remodels, the 1960 build year suggests that underlying infrastructure in the unrenovated units (e.g., plumbing, electrical) may be older and could require future attention.

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