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2480 Karen Drive

Santa Clara, CA 95050
  • $2,000,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: ML81940305
UPDATED: 11 min ago
$2,000,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,540
    SQFT
  • $787
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

School District:
Listing Agent(s): Will Tharp of Magnify Real Estate ((877) 776-7718)


Description

The Magnify Investment Team is pleased to exclusively present the opportunity to acquire 2480 Karen Drive, a four (4) unit multi-family investment property located in the highly desirable city of Santa Clara. Constructed in 1960, the property consists of (1) two-bed/one-bath unit and (3) one-bed/one-bath units, totaling 2,450 square feet on a 7,290 square foot lot. It is a highly desirable one-story building with strong current income and further upside. The property features attached garages, coin-operated laundry, private backyards and more. The subject property is just a few miles from Santa Clara University, Apple Park, Santana Row and San Jose International Airport. It is also close proximity to San Tomas Expressway, El Camino Real and Lawrence Expressway. Finally, the property is close to several top Silicon Valley tech employers, including Apple, NVIDIA, PayPal, Intel and many others.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T19:37:33.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142951163
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2480 Karen Drive Santa Clara, CA 95050

  • Price: $2,000,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 11 min ago
  • MLS #: ML81940305
0
Beds
0
Baths
0
½ Baths
0.17
Acres
2,540
SQFT
$787
$/SQFT
1960
Built
Neighborhood:
699 - Not Defined
County:
Santa Clara
Area:
699 - Not Defined
School District:
Other
Property Description
The Magnify Investment Team is pleased to exclusively present the opportunity to acquire 2480 Karen Drive, a four (4) unit multi-family investment property located in the highly desirable city of Santa Clara. Constructed in 1960, the property consists of (1) two-bed/one-bath unit and (3) one-bed/one-bath units, totaling 2,450 square feet on a 7,290 square foot lot. It is a highly desirable one-story building with strong current income and further upside. The property features attached garages, coin-operated laundry, private backyards and more. The subject property is just a few miles from Santa Clara University, Apple Park, Santana Row and San Jose International Airport. It is also close proximity to San Tomas Expressway, El Camino Real and Lawrence Expressway. Finally, the property is close to several top Silicon Valley tech employers, including Apple, NVIDIA, PayPal, Intel and many others.
Exterior Features

Carport Spaces 0 Foundation Details Concrete Perimeter Parking Total 0 Roof Composition View YN No

Interior Features

Accessibility Features None Cooling None Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 3.02 Garage YN Yes Gross Scheduled Income 98108 Insurance Expense 1225 Listing Agreement Exclusive Right To Sell Maintenance Expense 3000 Other Expense 0 Property Sub Type Quadruplex Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 23579 Trash Expense 0 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T19:37:33.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Will Tharp of Magnify Real Estate ((877) 776-7718)