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Listed by Gisele Pinedo • MARCUS & MILLICHAP
$ 1,550,000
Est. payment /mo
Price Dropped by $75K
357 Amber Court Upland, CA 91786
5,493 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,493 sqft
Price per Sqft $282
MLS Listing ID CV-26106337
Year Built 1962
Lot Size 10,018 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
We are 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.
Location
State CA
County San Bernardino
Area 690 - Upland
Interior
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Parking Features On Site, Assigned, Carport
Garage Spaces 2.0
Pool None
Community Features Curbs, Sidewalks
Building
Lot Description 16-20 Units/Acre
Sewer Public Sewer
NEARBY SCHOOLS & PROPERTIES
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944