357 Amber Ct - Apartments FOR SALE


Upland, CA 91786
$1,550,000 USD
909-957-9243
357 Amber Ct, Upland, CA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

357 Amber Ct
Upland, CA 91786


HIGHLIGHTS

  • First time on the market in over 50 years
  • Washer and dryer hookups in each unit
  • All large two-bedroom units averaging approximately 1,100 square feet
  • Situated on a corner lot with carport and garage parking
  • Ideal value-add and repositioning opportunity
  • Rents are +35% below market.

OVERVIEW

Marcus & Millichap is pleased to exclusively present the Amber Court Apartments, a five-unit multifamily investment opportunity located at 357 Amber Court in Upland, California. Built in 1962, the property is situated on a 0.234-acre corner lot and consists of approximately 5,493 building square feet. The unit mix includes four two-bedroom / one-and-a-half-bathroom townhome-style units, each approximately 1,100 square feet, and one single-level two-bedroom / two-bathroom unit of similar size. Each unit is equipped with washer and dryer hookups, central gas heating, wall-mounted air conditioning units, electric stove and oven, electric water heater, and a private enclosed patio. The property is individually metered for gas and electricity, with ownership responsible for water, sewer, and trash. With current rents estimated to be approximately 35% below market, the property presents a strong value-add opportunity for an investor seeking to reposition the asset and capture rental upside. Additionally, the offering includes the opportunity to implement annual rental increases in accordance with AB 1482, as the last rent increase occurred in 2024.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$282 USD /SF

# OF UNITS

5

PRICE/UNIT

$310,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Amber Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,460 SF

ZONING

RM-2

APN/PARCEL ID

1046-044-04

ASK ABOUT THIS PROPERTY

Kevin StruveMarcus & MillichapMore Info
909-957-9243

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Kevin StruveMarcus & MillichapMore Info
909-957-9243

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