NOT LISTED FOR SALE

2421 Karen Dr Santa Clara, CA 95050

-- Bed
-- Bath
2,400 Sq Ft
6,896 Sq Ft Lot

Last Sold February 25, 2022

Last sale price $1,638,000 $682 Per Sq Ft

59 Days on Market

About This Home

As of February 2022

2421 Karen Dr is a stunning fourplex located in the thriving city of Santa Clara, California. Situated on a 6,896 square feet parcel of land, the subject property was originally constructed in 1960 and has a gross building area of approximately 2,400 square feet, offering its tenants beautifully designed one-bedroom floor plans. The investment appeal of this asset is driven by Santa Clara's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 2421 Karen Dr presents an attractive choice for renters due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Last Agent to Sell the Property

Adam Levin

Marcus & Millichap License #01462752 Listed on: 11/22/2021

Last Buyer's Agent

Linda Lo

eXp Realty of California License #01949670

eXp Realty of California

Property Details

Home Type

  • Multi-Family

Year Built

  • 1960

Lot Details

  • 6,896 Sq Ft Lot

Home Design

  • Quadruplex
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Carport Spaces
  • Off-Street Parking
  • Assigned Parking

Utilities

  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $82,800
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,080
  • Insurance Expense $1,061
  • Maintenance Expense $2,000
  • Other Expense $1,034
  • Utility Expense $6,460
  • Trash Expense $2,241
  • Operating Expense $34,333
  • Gross Income $81,247

Property Details

Home Type

Multi-Family

Year Built

1960

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Age: 61
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2400
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Living Sq Ft: 2400
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel

Garage/Parking

  • Garage Parking Features: Assigned Spaces, Carport, Covered Parking, Off-Street Parking
  • Carport Min: 4

Utilities

  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Santa Clara Unified

Lot Info

  • Lot Acres: 0.1583
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6896.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6896.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 20.27
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1061
  • Expense Landscape: 1080
  • Expense Maintenance: 2000
  • Expenses Other: 1034
  • Expenses Total: 34333
  • Expenses Utility: 6460
  • Expense Trash: 2241
  • Income Annual Gross: 81247.00
  • Income Annual Rental: 82800
  • Income Gross Scheduled: 83760
  • Income Includes: Laundry, Rents
  • Income Other: 960
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - License/Advertising, Insurance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2022 02/25/22 Sold $1,638,000 -3.5% $683 / Sq Ft
01/21/2022 01/21/22 Pending -- -- --
01/04/2022 01/04/22 Price Changed $1,698,000 -5.7% $708 / Sq Ft
11/22/2021 11/22/21 For Sale $1,800,000 -- $750 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Adam Levin

    Seller's Agent in 2022

    Adam Levin

    Marcus & Millichap

    (650) 391-1782

    1 in this area

    99 Total Sales

    Adam Levin
    Section Image
  • Linda Lo

    Buyer's Agent in 2022

    Linda Lo

    eXp Realty of California

    (408) 410-7530

    3 in this area

    28 Total Sales

    Linda Lo
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81870904

MLSListings

APN: 290-37-037

California Santa Clara County Santa Clara 95050

2421 Karen Dr, Santa Clara, CA

This home is located at 2421 Karen Dr, Santa Clara, CA 95050 since 22 November 2021. This property was built in 1960. 2421 Karen Dr is a home located in Santa Clara County with nearby schools including C. W. Haman Elementary School, Buchser Middle School, and Santa Clara High School.

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