2464-2472 Karen Drive

Santa Clara, CA 95050

$5,100,000
Price
Beds
7,620 Sq. Ft.
$669 / Sq. Ft.
7,620
Sq. Ft.
$669
per Sq. Ft.

Description

Significant Price Reduction $450k -- Bring Offers -- Three adjoining triplexes (9 units) available to purchase individually or together located at 2464, 2468, & 2472 Karen Drive in Santa Clara, California. This is a rare investment opportunity, offering three single-story triplexes ideally situated on adjoining parcels. The properties are available for sale as a package or individually, catering to a range of investment and financing strategies. The portfolio offers (6) 2-bedroom units and (3) 3-bedroom...Significant Price Reduction $450k -- Bring Offers -- Three adjoining triplexes (9 units) available to purchase individually or together located at 2464, 2468, & 2472 Karen Drive in Santa Clara, California. This is a rare investment opportunity, offering three single-story triplexes ideally situated on adjoining parcels. The properties are available for sale as a package or individually, catering to a range of investment and financing strategies. The portfolio offers (6) 2-bedroom units and (3) 3-bedroom units with private garages. Marketing Package for the portfolio and/ or individual addresses available upon request.
  1. Listed by Mitchell Zurich • DRE #01870648 • Brokerage DRE #01240999 • Marcus & Millichap • 408-888-9594

Property Details for 2464-2472 Karen Drive

MLS City Name
SANTA CLARA
Building Type
Other
Garage Spaces
9
Parking Spaces
9
LISTING UPDATED: 10/16/2024 12:30 PM

Property Details for 2464-2472 Karen Drive

StatusActive
MLS #ML81980558
Days on Compass66
Taxes$59,594 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1960
Lot Size0.52 AC / 22,829 SF
CountySanta Clara County

Building Information for 2464-2472 Karen Drive

Stories-Residences-Year Built1960Building Size-Lot Size0.52 AC / 22,829 SF

Property Information for 2464-2472 Karen Drive

Features
Features
  • Fireplace: No
  • Living SqFt: 7620
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters
  • Water: Water On Site
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage, Tandem Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 9
  • Area Text: Santa Clara
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 2464-2472
  • Street Name: Karen
  • Street Suffix: Drive
  • Area ID: 8
Lot / Property Details
Building Information
  • Number of Buildings: 3
  • Structure SqFt: 7620
  • Structure SqFt Source: Other
  • Age: 64
Development Information
  • Zoning Detail: R3
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 290-37
  • County Name: Santa Clara
  • City Name: SANTA CLARA
  • City Postal ID: 63
  • Postal Code: 95050
  • Elementary School District: 483
  • High School District Text: Santa Clara Unified
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Lot Acres: .52
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 9
General Information
  • Annual Tax Amount: $59,594
  • Capitalization Rate: 3.44
  • Tenant Expenses: Utilities - Electric
  • Income Includes: None
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $9,000
  • Expense Landscape: $5,400
  • Expense Maintenance: $4,500
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $14,881
  • Expenses Total: $93,375
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Trash Removal, Utilities, Vacancy Factor
  • Gross Rent Multiplier: 18.39
  • Income Annual Gross: $277,320
  • Income Annual Rental: $277,320
  • Income Gross Scheduled: $277,320
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 1
  • Unit 1 Number of Bedrooms: 3
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2

Property History for 2464-2472 Karen Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2464-2472 Karen Drive

This home is within Santa Clara Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
C. W. Haman Elementary School
PublicK to 5

Buchser Middle School
Public6 to 8

Santa Clara High School
Public9 to 12

Wilson Alternative School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2464-2472 Karen Drive is for sale in Santa Clara, CA 95050. This property was listed for sale on September 16, 2024 by Marcus & Millichap, it's currently listed at $5,100,000. This listing's school district is Santa Clara Unified School District. Nearby schools include C. W. Haman Elementary School, Buchser Middle School and Santa Clara High School. 2464-2472 Karen Drive is a 0-bed, 0-bath, 7,620 sqft built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Mitchell Zurich, DRE #01870648

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.