Sunnyvale, CA 94086,1053 Reed Terrace
Listed by Joel Hopman • Newmark Cornish & Carey
Bought with Joel Hopman • Newmark Cornish & Carey

$2,250,000

Est. payment /mo

$2,295,000

2.0%
Est.Price: ?

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1053 Reed Terrace Sunnyvale, CA 94086

4,029 SqFt

SOLD DATE : 12/13/2018

Key Details

Sold Price $2,250,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 4,029 sqft

Price per Sqft $558

MLS Listing ID ML81718168

Year Built 1978

Lot Size 5,446 Sqft

Property Sub-Type Quadruplex

Property Description

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.

Location

State CA

County Santa Clara

Interior

Heating Forced Air

Building

Water Public

Schools

School District Santa Clara Unified, Santa Clara Unified

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Bay East Association of Realtors
Donny Piwowarski

Donny Piwowarski

Broker | License ID: 01444374

+1(209) 740-1004

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