Last Sold Price
4,029 sqft$558/sqft
1053 Reed Ter, Sunnyvale, CA 94086

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...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.
LISTING CLOSED: 12/13/2018 12:00 AM

  1. Listed by Joel Hopman • DRE #01934574 • Brokerage DRE #00586119 • Newmark Cornish & Carey • 415-722-2200
  2. Listed by Justin Bautista • DRE #01268331 • Brokerage DRE #00586119 • Newmark Cornish & Carey

Property Details for 1053 Reed Terrace

Status
MLS #
ML81718168
Days on Compass
19
Taxes
$27,189 / year
HOA Fees
$100
Condo/Co-op Fees
-
Property Type
MLS Type
RESIDENTIAL INCOME
Year Built
1978
Lot Size
0.13 AC / 5,446 SF
MLS City Name
SUNNYVALE
Building Type
FOURPLEX
Garage Spaces
5
Parking Spaces
3

Location

Listing Courtesy of Newmark Cornish & Carey, Joel Hopman, DRE #01934574; Newmark Cornish & Carey, Justin Bautista, DRE #01268331

Sold By Newmark Cornish & Carey, Joel Hopman, DRE #01934574; Newmark Cornish & Carey, Justin Bautista, DRE #01268331

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Building Information for 1053 Reed Terrace

Stories2Residences4Year Built1978Building Size-Lot Size0.13 AC / 5,446 SF

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OriginPoint Mortgage or Rocket Mortgage1

$13,802 per month

30 year fixed, 6.55% Interest

Principal and Interest

$11,436

Property Taxes

$2,266

HOA Dues

$100

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Property Information for 1053 Reed Terrace

Features
Features
  • Fireplace: No
  • Living SqFt: 4029
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Forced Air
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, Carport
Property Details
Homeowners Association
  • HOA Exists: 1
  • HOA Fee: $100
Property Details
  • Area Text: Sunnyvale
  • Roof: Composition, Shingle
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 1053
  • Street Name: Reed
  • Street Suffix: Terrace
  • Area ID: 19
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 4029
  • Structure SqFt Source: Assessor
  • Age: 40
Development Information
  • Zoning Detail: R
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 213-54-013
  • County Name: Santa Clara
  • City Name: SUNNYVALE
  • City Postal ID: 74
  • Postal Code: 94086
  • Elementary School: 399
  • Elementary School District: 483
  • Middle School Text: Marian A. Peterson Middle
  • High School District Text: Santa Clara Unified
  • High School Text: Adrian Wilcox High
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .12
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $27,189
  • Building Unit Total: 4
  • Capitalization Rate: 2.47
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $1,450
  • Expense Landscape: $0
  • Expense Maintenance: $2,800
  • Expense Management: $0
  • Expense Trash: $2,053
  • Expenses Other: $1,200
  • Expenses Utility: $3,297
  • Expenses Total: $37,989
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities, Vacancy Factor
  • Gross Rent Multiplier: 23.52
  • Income Annual Gross: $94,633
  • Income Annual Rental: $96,840
  • Income Gross Scheduled: $97,560
  • Income Other: $720
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Half Bathrooms: 0
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $2,300
Unit 2 Information
  • Unit 2 Approx Square Footage: 650
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 0
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,400
Unit 3 Information
  • Unit 3 Approx Square Footage: 1000
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Half Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,450
Unit 4 Information
  • Unit 4 Approx Square Footage: 1000
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Half Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $1,920
Unit Type 1
  • Unit Type1 Approx SqFt: 1300

Property History for 1053 Reed Terrace

DateEvent & SourcePriceAppreciation
Dec 13, 2018

Sold

SDMLS #ML81718168

$2,250,000
Dec 13, 2018

Sold

MLSListings #ML81718168

$2,250,000
Dec 13, 2018

Sold

EBRD #ML81718168

$2,250,000
DateEvent & SourcePrice
12/13/2018

Sold

SDMLS #ML81718168

$2,250,000
12/13/2018

Sold

MLSListings #ML81718168

$2,250,000
12/13/2018

Sold

EBRD #ML81718168

$2,250,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1053 Reed Terrace

Taxable ValueLand$1,934,307Additions$739,586Total$2,673,893
Tax Record2025$30,465 ($2,539 / month)
Home Facts
Total Finished SqFt4,029 SqFtAbove Grade Finished SqFt4,029 SqFtStories2Lot Size6,300 SqFtStyleMulti-Family Dwelling (2-4)Year Built1978Year Renovated1978ZoningRCountySANTA CLARAAPN213-54-013

Schools near 1053 Reed Terrace

This home is within Santa Clara Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ponderosa Elementary School
PublicK to 5

Marian A. Peterson Middle School
Public6 to 8

Adrian Wilcox High School
Public9 to 12

New Valley Continuation High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1053 Reed Terrace, Sunnyvale, CA 94086
$2,250,000
4,029
5,446
4,029
6,300
$2,565,000
4,029
6,300
$945,000
4,029
6,200
4,028
6,300
1

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Newmark Cornish & Carey, Joel Hopman, DRE #01934574; Newmark Cornish & Carey, Justin Bautista, DRE #01268331

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.