Bought with Joel Hopman • Newmark Cornish & Carey
$2,250,000
$2,295,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
1053 Reed Terrace Sunnyvale, CA 94086
4,029 SqFt
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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