357 Amber CT, Upland, CA 91786
357 Amber CT, Upland, CA 91786
357 Amber CT, Upland, CA 91786
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$1,350,000
Est. payment /mo
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10,018 Sqft Lot
Active Under Contract

357 Amber CT Upland, CA 91786

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Rip Fritzer

Rip Fritzer

+1(619) 277-0767

UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID CV26106337

HOA Y/N No

Year Built 1962

Annual Tax Amount $17,440

Lot Size 10,018 Sqft

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. Pro Forma CAP Rate of 7.13% and priced at $245.77 PSF, well-below replacement cost

Location

State CA

County San Bernardino

Area 690 - Upland

Interior

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned, Carport, On Site

Garage Spaces 2.0

Carport Spaces 4

Garage Description 2.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 6

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 1046044040000

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Gisele Pinedo MARCUS & MILLICHAP #02188347

NEARBY SCHOOL & BUSINESS

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Rip Fritzer

Rip Fritzer

Agent License ID: 00719216

+1(619) 277-0767

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