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Multifamily

357 Amber Ct

357 Amber Ct, Upland, CA 91786

Listing Price: $1,625,000

Cap Rate
2.75%
Number of Units
5
GRM
20.55
Price/Unit
$325,000

Investment Overview

Marcus & Millichap Real Estate Investment Services 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 40% below market, the property presents a strong value add opportunity for an investor seeking to reposition the asset and capture rental upside.

Investment 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
  • Central heating, wall-mounted A/C units, and individual water heaters
  • Individually metered for gas and electricity; private enclosed patios for each unit
  • Located in North Upland, a highly desirable rental market
  • Ideal value-add and repositioning opportunity

Exclusively Listed By

Multifamily

357 Amber Ct

Listing Price: $1,625,000

Cap Rate
2.75%
Number of Units
5
GRM
20.55
Price/Unit
$325,000

Investment 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
  • Central heating, wall-mounted A/C units, and individual water heaters
  • Individually metered for gas and electricity; private enclosed patios for each unit
  • Located in North Upland, a highly desirable rental market
  • Ideal value-add and repositioning opportunity

Investment Overview

Marcus & Millichap Real Estate Investment Services 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 40% below market, the property presents a strong value add opportunity for an investor seeking to reposition the asset and capture rental upside.

Exclusively Listed By

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