330 Amber Ct - Apartments FOR SALE


Upland, CA 91786
$17,100,000 USD
310-470-8963
330 Amber Ct, Upland, CA for Sale
$17,100,000 USD
Apartments - FOR SALE
1/15
null | 5.4% Cap Rate

330 Amber Ct
Upland, CA 91786


HIGHLIGHTS

  • 61 units in fantastic Upland location; minutes to Historic Downtown Upland; Tour Date: Tuesday, April 28 (call for an appointment)
  • Rare opportunity to purchase three buildings all on the same block
  • Tremendous rental upside with no city rent control; Going-in cap rate of 5.4%; market cap rate of 6.6%
  • Attractively priced at $241 per square feet and $280K per unit
  • Spacious “house-like” units averaging over 1,100 square feet (some townhomes)
  • In-unit washer and dryer at 330 Amber Court; New electrical panels at 249 & 289 Amber Court

OVERVIEW

Tour Date: Tuesday, April 28 (call for an appointment) Link to Doc Ctr: https://properties.berkadia.com/amber-court-properties-492804/ Berkadia is excited to exclusively offer a fantastic value-add opportunity in So Cal with tremendous upside and no city rent control! There are 61 total units in a highly desirable Upland location, minutes to Historic Downtown Upland. The opportunity is attractively priced at a going in cap rate of 5.4%; market cap rate of 6.6% (at conservative projected rents); $241 per square foot; and $280K per unit. The apartments are spacious, “house-like” units averaging over 1,100 square feet (some townhomes). Two of the buildings have new electrical and the third building has in-unit washer and dryer. Comprised of three buildings all located on the same block (249 Amber Court: 22 units; 289 Amber Court: 16 units; and 330 Amber Court: 23 units), the properties are walking distance to neighborhood amenities such as CVS, Vons, Starbucks, Lucky Strike, Sprouts and more. Downtown Upland and the Upland Metrolink station are 6 minutes from the properties and Claremont Colleges are a short drive up Foothill Boulevard. Additional properties available for purchase from the same ownership (can be purchased individually or in any combination) TOUR DATES: Thursday, April 9th & Tuesday, April 14th (By Appointment) -54 units on over 2.5 acres (3 minutes from Downtown Redlands and University of Redlands) Link to Doc Center: https://properties.berkadia.com/kimberly-487272/ -95 units on 3.5 acres (across street from Canyon Crest Town Centre; minutes to Downtown Riverside and UC Riverside) Link to Doc Center: https://properties.berkadia.com/via-zapata-properties-487536/

FOR SALE DETAILS

PRICE

$17,100,000 USD

PRICE/SF

$813 USD /SF

# OF UNITS

61

PRICE/UNIT

$280,328

CAP RATE

5.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

61 Units | Prime Upland | Value-Add | $241psf

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

N/Av, Upland

APN/PARCEL ID

1046-043-13,1046-044-01,1046-044-02

ASK ABOUT THIS PROPERTY

Adrienne BarrBerkadiaMore Info
310-470-8963

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Adrienne BarrBerkadiaMore Info
310-470-8963

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.