357 Amber Ct — Sale in Upland, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Upland, CA 91786

Investment Figures

Cap rate
2.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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

Market Context

This multifamily in Upland, CA is listed for sale. It is offered at an approximate 2.8% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 78 days. Compare it against other multifamily listings for sale in Upland, CA — view the full market.

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