1053 Reed Terrace

  • Sunnyvale

  • $2,295,000

Residential Income Details

1053 Reed Terrace features an outstanding unit mix of (1) 3 bedroom / 2 bathrooms apartment and (2) 2 bedroom / 1.5 bathrooms and (1) 1 bedroom 1 bathroom apartments. The large interiors average over 1,000 sq. ft. each and possess great floor plans. Built in 1978, the units are well maintained and feature dishwashers, forced air, and copper plumbing throughout. Ample 2:1 parking ratio including (2) 2-car garages; (1) 1-car garage and (3) uncovered spots. The current rents are below market and there exists immediate upside potential to improve returns. Situated within a quiet terrace setting on cobblestone streets with mature and well-maintained landscaping, this opportunity is perfect for an owner-occupier or investor. 1053 Reed Terrace is just a few miles to some of the world's best employers making this a very stable investment.
MLS #ML81718168
Number of Units4
Sale TypeStandard
Listing BrokerageNewmark Cornish & Carey
Listing AgentJoel Hopman
Listing Agent BRE #01934574
Co-Listing AgentJustin Bautista
Co-Listing Agent BRE #01268331
CoolingWall Window
HeatingForced Air
ParkingAssigned,Carport,Carport Attached
Garage Spaces5
RoofingComposition,Shingle,Asbestos Shingle
Area699 - Not Defined
Address1053 Reed Terrace
CountySanta Clara


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Based on information from California Regional Multiple Listing Service, Inc. as of Monday, October 8, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.