$1,650,000
SOLD JAN 10, 2025

2464 Karen Dr Santa Clara, CA 95050

7 Beds
4 Baths
2,540 Sq Ft
7,688 Sq Ft Lot

Recently Sold

$650 Per Sq Ft

11% Below List Price

73 Days on Market

Highlights

  • Tandem Parking
  • C. W. Haman Elementary School Rated A-
  • 1-Story Property

About This Home

As of January 2025

Significant Price Reduction $150k -- Bring Offers -- The property offers an excellent unit mix of two large 2 Bedroom x 1 Bathroom units, and one spacious 3 Bedroom x 1.5 Bathroom owners unit. Each unit has its own private garage and outdoor space. The property is part of three adjoining triplexes (9 units) available to purchase INDIVIDUALLY or TOGETHER located at 2464, 2468, & 2472 Karen Drive in Santa Clara, California. Marketing Package for the portfolio and/ or individual addresses available upon request.

Last Agent to Sell the Property

Mitchell Zurich

Marcus & Millichap License #01870648 Listed on: 09/16/2024

Last Buyer's Agent

Raul Profeta

Sharp Point Realty Group License #01277931

Property Details

Home Type

  • Multi-Family

Year Built

  • 1960

Lot Details

  • 7,688 Sq Ft Lot

Parking

  • 3 Car Garage
  • Tandem Parking

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,540 Sq Ft Home
  • 1-Story Property

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $91,140

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $3,000
  • Maintenance Expense $1,500
  • Utility Expense $4,960
  • Operating Expense $31,125
  • Gross Income $88,406

Property Details

Home Type

Multi-Family

Year Built

1960

Lot Details

0

Parking

3

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Age: 64
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2540
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Living Sq Ft: 2540
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Tandem Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Santa Clara Unified

Lot Info

  • Lot Acres: 0.1765
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7687.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7687.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 18.65
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 3000
  • Expense Landscape: 1800
  • Expense Maintenance: 1500
  • Expenses Total: 31125
  • Expenses Utility: 4960
  • Income Annual Gross: 88406.00
  • Income Annual Rental: 91140
  • Income Gross Scheduled: 91140
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener, Services - Trash Removal, Utilities, Vacancy Factor
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 3

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Range of Values:

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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
01/10/2025 01/10/25 Sold $1,650,000 -2.9% $650 / Sq Ft
11/29/2024 11/29/24 Pending -- -- --
10/16/2024 10/16/24 Price Changed $1,700,000 -8.1% $669 / Sq Ft
09/16/2024 09/16/24 For Sale $1,850,000 -- $728 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mitchell Zurich

    Seller's Agent in 2025

    Mitchell Zurich

    Marcus & Millichap

    (650) 391-1824

    4 in this area

    85 Total Sales

    Mitchell Zurich
    Section Image
  • Raul Profeta

    Buyer's Agent in 2025

    Raul Profeta

    Sharp Point Realty Group

    (408) 569-5194

    1 in this area

    27 Total Sales

    Raul Profeta
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81980554

MLSListings

APN: 290-37-020

California Santa Clara County Santa Clara 95050

2464 Karen Dr, Santa Clara, CA

This home is located at 2464 Karen Dr, Santa Clara, CA 95050 and is currently priced at $1,650,000, approximately $649 per square foot. This property was built in 1960. 2464 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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