2421 Karen Dr 4 Unit Apartment Building $2,068,000 ($517,000/Unit) 3.44% Cap Rate Santa Clara, CA 95050

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.