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.
|Number of Units||4|
|Listing Brokerage||Newmark Cornish & Carey|
|Listing Agent||Joel Hopman|
|Listing Agent BRE #||01934574|
|Co-Listing Agent||Justin Bautista|
|Co-Listing Agent BRE #||01268331|
Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, August 9, 2018.
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