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2421 Karen DriveSanta Clara, CA 95050

For Sale

$2,068,000

Smart Buyer Rebate $20,680

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.

Listed by Hamza Mabrouk

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License #02131222

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CENTURY 21 Masters

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415-671-9881

Listed by Ratbek Erkinbekov

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License #02245125

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CENTURY 21 Masters

Last updated November 12, 2025

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Source: MLSListings #ML82025977

Listing Facts

  • TypeMulti-family
  • NeighborhoodSanta Clara East Central
  • Days on Prevu12
  • Taxes$25,850/year
  • Size2,400 sqft
  • Price per sqft$862

Amenities

  • Pets Allowed
  • Parking

Location

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Listing History

11/07/2025
Listed by CENTURY 21 Masters
$2,068,000

Property Details for 2421 Karen Drive

Exterior

Construction

  • Number Of Units Total: 4
  • Roof: Other
  • Stories: 1
  • Year Built: 1960
  • Year Built Details: 2

Measurements

  • Building Area Total: 2,400
  • Lot Size Acres: 0.15
  • Lot Size Area: 6,896
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6,896
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 3.31
  • Gross Income: $108,834.00
  • Operating Expense Includes: Insurance, Maintenance, Water/Sewer

Taxes

  • Parcel Number: 290-37-037
  • Tax Annual Amount: $25,850.00

Interior

Measurements

  • Living Area: 2,400

Parking

Parking

  • Carport Spaces: 4
  • Carport: Yes
  • Garage Spaces: 4
  • Garage: Yes
  • Parking Features: Assigned Spaces, Carport, Covered Parking
  • Parking Total: 4

Schools

Elementary School

  • Elementary School District: Santa Clara Unified

High School

  • High School District: Santa Clara Unified

Utilities

Equipment

  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Public Utilities, Water - Public, Individual Electric Meters, Individual Gas Meters
  • Water Source: Public

Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.