357 Amber Court, Upland, CA 91786
- $1,475,000
- List Price
- $1,475,000
- Price Change
- ▼ $75,000 1783726148
- Status
- ACTIVE
- MLS#
- CV26106337
- Year Built
- 1962
- Lot Size
- 10,018
- Acres
- 0.23
- Lot Location
- 16-20 Units/Acre
- Days on Market
- 73
- Property Type
- Multifamily
- Property Sub Type
- Apartment
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.
Additional Information
- Taxes
- $17,440
- Pool Description
- None
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $86,280
- Operating Expense
- 32863
Listing courtesy of Listing Agent: Gisele Pinedo (gisele.pinedo@marcusmillichap.com) from Listing Office: MARCUS & MILLICHAP.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.