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357 Amber Ct - Amber Court Apartments 5 Unit Apartment Building Offered at $1,625,000 Upland, CA 91786
Investment Highlights
- First time on the market in over 50 years
- All large two-bedroom units averaging approximately 1,100 square feet
- Ideal value-add and repositioning opportunity
- Washer and dryer hookups in each unit
- Situated on a corner lot with carport and garage parking
- Rents are +40% below market.
Executive Summary
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 40% below market, the property presents a strong value- add opportunity for an investor seeking to reposition the asset and capture rental upside. Please reach out to the listing agents for the marketing package and more information.
Property Facts
| Price | $1,625,000 | Apartment Style | Garden |
| Price Per Unit | $325,000 | Building Size | 5,493 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Zoning | RM-2 | ||
| Price | $1,625,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Building Size | 5,493 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | RM-2 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 4 | - | 1,100 |
| 2+1 | 1 | - | 1,100 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
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357 Amber Ct - Amber Court Apartments
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