OFF MARKET

Off Market Dec 2018 for $2.2M

$2,429,033

Est. refi paymentEst. refi $13,274/mo

•

4,029

sq ft

1053 Reed Ter, Sunnyvale, CA 94086

About this home

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.

Multi-familyProperty Type

1978Year Built

5,446 sq ftLot Size

$603Est. Price/Sq.Ft.

5 car garageParking

Listed by Joel Hopman •DRE #01934574 • Newmark Cornish & Carey

Listed by Justin Bautista •DRE #01268331 • Newmark Cornish & Carey

Contact: 415-722-2200

Bought with Joel Hopman •DRE #01934574 • Newmark Cornish & Carey

Bought with Justin Bautista •DRE #01268331 • Newmark Cornish & Carey

Redfin checked: a minute ago

•Source:MLSListings #ML81718168

Redfin Estimate

$2,429,033

$179K since sold in December 2018$52K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 1.7% higher than the average sale price ($2.39M) of 5 comparable homes.

SOLD JUN 17, 2026
$2,300,000
A
6 beds5 baths2,296 sq ft
2515 Crystal Dr, Santa Clara, CA 95051
SOLD JUN 10, 2026
$3,830,000
B
5 beds3.5 baths3,106 sq ft
718 Timberpine Ave, Sunnyvale, CA 94086
SOLD MAY 29, 2026
$1,740,000
C
9 beds5.5 baths3,728 sq ft
504 Hawthorn Ave, Sunnyvale, CA 94086
SOLD APR 14, 2026
$2,430,000
D
4 beds2.5 baths1,874 sq ft
3417 Cooper Dr, Santa Clara, CA 95051
SOLD JUN 22, 2026
$1,638,000
E
4 beds2.5 baths1,873 sq ft
3069 Agate Dr, Santa Clara, CA 95051

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Earn from this home

Sell

$787,509

Est. take-home

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Refinance

Est. cash available

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Market trends in 94086, CA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

103.4%

+0.5% MoM

Median sale price

$1.7M

$64K MoM

Avg. days on market

28d

0 days MoM

Recently sold homes

10 MoM

New listings for sale

EARLY ACCESS
$2,688,800
4 beds4 baths2,105 sq ft
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3D WALKTHROUGH
$999,999
2 beds2.5 baths1,405 sq ft
964 Belmont Ter #1, Sunnyvale, CA 94086
3D WALKTHROUGH
$1,898,000
2 beds2 baths1,297 sq ft
285 Carbonera Ave, Sunnyvale, CA 94086
VIDEO TOUR
$1,800,000
3 beds2 baths1,561 sq ft
539 Bryan Ave, Sunnyvale, CA 94086
HOT HOME
$2,388,000
4 beds2.5 baths1,934 sq ft
835 Poplar Ave, Sunnyvale, CA 94086
$999,999
2 beds2.5 baths1,553 sq ft
970 Asilomar Ter #3, Sunnyvale, CA 94086
OPEN SEP 22, 12PM TO 1PM
$2,680,000
11 beds8 baths5,217 sq ft
622 Grand Fir Ave, Sunnyvale, CA 94086
HOT HOME
$2,628,800
3 beds2 baths1,685 sq ft
1005 Iris Ave, Sunnyvale, CA 94086
3D WALKTHROUGH
$1,380,000
3 beds2 baths2,082 sq ft
919 La Mesa Ter Unit E, Sunnyvale, CA 94086
$1,988,000
3 beds2 baths1,305 sq ft
148 S Mary Ave, Sunnyvale, CA 94086
See all

Provided by Redfin

Sale history for 1053 Reed Ter

Date

Event

Price

MLSListings #ML81718168

Dec 13, 2018

Sold

$2,250,000

$558/sq ft

Aug 27, 2018

Pending

—

Aug 8, 2018

Listed

$2,295,000

$570/sq ft

SDMLS #301743747

Dec 13, 2018

Sold

$2,250,000

$558/sq ft

Aug 8, 2018

Listed

$2,295,000

$570/sq ft

MLSListings #ML80642599

Sep 13, 2006

Sold

$1,115,000

$277/sq ft

Jul 31, 2006

Listing Removed

—

Jul 10, 2006

Listed

$1,095,000

$272/sq ft

Public Records

Mar 30, 1990

Sold

$575,000

$143/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$30,465 (+1.4%)

$1,934,307 + $739,586

$2,673,893

2024

$30,055 (+0.8%)

$1,896,380 + $725,085

$2,621,465

2023

$29,826 (+1.4%)

$1,859,197 + $710,868

$2,570,065

2022

$29,416 (+0.3%)

$1,822,743 + $696,930

$2,519,673

2021

$29,331 (+1.8%)

$1,787,003 + $683,265

$2,470,268

2020

$28,801 (+0.1%)

$1,751,964 + $669,868

$2,421,832

2019

$28,759 (+86.9%)

$1,734,000 + $663,000

$2,397,000

2018

$15,389 (+0.6%)

$1,700,000 + $650,000

$2,350,000

2017

$15,301 (+2.3%)

$594,518 + $692,648

$1,287,166

2016

$14,963 (+0.4%)

$594,518 + $692,648

$1,287,166

2015

$14,907 (+5.0%)

$582,861 + $679,067

$1,261,928

2014

$14,196 (+21.6%)

$562,861 + $655,765

$1,218,626

2012

$11,672 (−14.3%)

$560,318 + $652,802

$1,213,120

2011

$13,627 (+3.0%)

$451,700 + $526,300

$978,000

2010

$13,224 (−2.0%)

$538,561 + $627,453

$1,166,014

2009

$13,500 (+3.8%)

$534,536 + $622,764

$1,157,300

2008

$13,007

$525,300 + $612,004

$1,137,304

Tax history for 1053 Reed Ter

Year

Property tax

Land + Additions

Assessment*

2025

$30,465 (+1.4%)

$1,934,307 + $739,586

$2,673,893

2024

$30,055 (+0.8%)

$1,896,380 + $725,085

$2,621,465

2023

$29,826 (+1.4%)

$1,859,197 + $710,868

$2,570,065

2022

$29,416 (+0.3%)

$1,822,743 + $696,930

$2,519,673

2021

$29,331 (+1.8%)

$1,787,003 + $683,265

$2,470,268

2020

$28,801 (+0.1%)

$1,751,964 + $669,868

$2,421,832

2019

$28,759 (+86.9%)

$1,734,000 + $663,000

$2,397,000

2018

$15,389 (+0.6%)

$1,700,000 + $650,000

$2,350,000

2017

$15,301 (+2.3%)

$594,518 + $692,648

$1,287,166

2016

$14,963 (+0.4%)

$594,518 + $692,648

$1,287,166

2015

$14,907 (+5.0%)

$582,861 + $679,067

$1,261,928

2014

$14,196 (+21.6%)

$562,861 + $655,765

$1,218,626

2012

$11,672 (−14.3%)

$560,318 + $652,802

$1,213,120

2011

$13,627 (+3.0%)

$451,700 + $526,300

$978,000

2010

$13,224 (−2.0%)

$538,561 + $627,453

$1,166,014

2009

$13,500 (+3.8%)

$534,536 + $622,764

$1,157,300

2008

$13,007

$525,300 + $612,004

$1,137,304

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

6,300 Sq. Ft.

Year renovated

1978

Sq. Ft.

4,029

Year built

1978

Style

Multi-Family (2-4 Unit)

County

Santa Clara County

APN

21354013

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 21, 2026.

Property details

Parking

Parking Information
Parking Description: Assigned Spaces, Carport
Garage Spaces: 5
Parking Spaces: 3

Interior

Heating & Cooling Information
Cooling: Window/Wall Unit
Heating: Forced Air

Multi-Unit Information
# of Stories: 2
# of Units in Building (Total): 4
Annual Rental Income: $96,840
Annual Gross Income: $94,633
Gross Rent Multiplier: 23.52
Gross Scheduled Income: $97,560
Other Income: $720
Other Expenses: $1,200
Total Expenses: $37,989
Vacancy Factor: 3

Unit Type 1 Information
# of Bedrooms: 3
# of Baths (Full): 2
Approx Sq. Ft.: 1,300
Rent: $2,300

Unit Type 2 Information
# of Bedrooms: 1
# of Baths (Full): 1
Approx Sq. Ft.: 650
Rent: $1,400

Unit Type 3 Information
# of Bedrooms: 2
# of Baths (Full): 1
# of Baths (1/2): 1
Approx Sq. Ft.: 1000
Rent: $2,450

Unit Type 4 Information
# of Bedrooms: 2
# of Baths (Full): 1
# of Baths (1/2): 1
Approx Sq. Ft.: 1,000
Rent: $1,920

Exterior

Exterior Features
Roof: Composition, Shingle

Building Information
# of Buildings: 1
Subclass: Fourplex
Concrete Perimeter

Property Features
Living Sq. Ft.: 4,029

Property Information
Property Primary ID: 475245
Tenant Expenses: Utilities (Electric), Utilities (Gas)

Lot Information
Lot Acres: 0.125
Lot Size Area Minimum Units: Sq. Ft.
Lot Size Area Maximum Units: Sq. Ft.
Lot Size Source: Assessor
Zoning: R

Financial

Tax/Assessment Information
Annual Tax Amount: $27,189

Utilities

Utility Information
Meters: Primary Water, Separate Electric, Separate Gas
Sewer Septic: Sewer (Public)
Utilities: Individual Electric Meters, Individual Gas Meters
Trash Expense: $2,053
Utility Expenses: $3,297

Water Information
Water: Public

Location

HOA Information
Has HOA
HOA Fee: $100

School Information
Elementary School: Ponderosa Elementary
Elementary School District: Santa Clara Unified
Middle School: Marian A. Peterson Middle
High School: Adrian Wilcox High
High School District: Santa Clara Unified

Public facts

Beds: —
Baths: —
Sq. Ft.: 4,029
Stories: 2.0
Lot Size: 6,300 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1978
Year Renovated: 1978
County: Santa Clara County
APN: 21354013

Home facts updated by county records on Aug 21, 2026

Other

Miscellaneous Information
Incorporated: No

Around this home

Schools

Ponderosa Elementary School

Public K-5 • Assigned • 0.6mi

9/10

Marian A. Peterson Middle School

Public 6-8 • Assigned • 1.3mi

9/10

Adrian Wilcox High School

Public 9-12 • Assigned • 0.8mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

The Sunnyvale housing market remains highly competitive, with homes receiving an average of five offers. Over the past three months, the median home price was $1.8 million, down 18.7% year over year, creating favorable opportunities for buyers.
2 months ago • Sunnyvale
Fifi Li
Redfin Premier agent
124 deals
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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 92° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

13 unhealthy days expected this year, 13 days in 30 years

Provided by First Street

Historical weather

Sunnyvale, CA • 94086

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 11.1 hours in June and 4.9 hours in December, placing it above the U.S. average for solar exposure.

11.1 hrs

4.9 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$2.31M – $2.79M

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Home values near 1053 Reed Ter

Data from public records.

Address	Redfin Estimate
1089 Reed Avenue #A, Sunnyvale, CA 3 Beds \| 1.5 Baths \| 1084 Sq. Ft.	$802,726
1046 Reed Terrace, Sunnyvale, CA - Beds \| - Baths \| 4029 Sq. Ft.	$2,165,671

Address	Redfin Estimate
1091 Reed Avenue #C, Sunnyvale, CA 3 Beds \| 1.5 Baths \| 1215 Sq. Ft.	$915,541
1049 Reed Terrace, Sunnyvale, CA 8 Beds \| 6 Baths \| 4029 Sq. Ft.	$2,498,119

Address	Redfin Estimate
1089 Reed Avenue #D, Sunnyvale, CA 2 Beds \| 1 Baths \| 840 Sq. Ft.	$673,197
1057 Reed Terrace, Sunnyvale, CA 8 Beds \| 6 Baths \| 4029 Sq. Ft.	$2,112,380

Property information provided by MLSListings when last listed in 2018. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 94086, CA

Sale history for 1053 Reed Ter

Tax history for 1053 Reed Ter

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 94086

Home values near 1053 Reed Ter

More real estate resources