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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,550,000

Est. payment | -/mo

8 Beds

8 Baths

10,018 Sqft Lot

Save

$ 1,550,000

Est. payment | -/mo

Save

8 Beds

8 Baths

10,018 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26106337

Bedrooms 8

Lot Size 10,018 Sqft

Property Sub-Type Res Income 2-4 Units

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

Zoning Public Rec

Direction Head south on Foothill and North Redding Way, on the NorthEast Corner of Redding Way and Amber Court

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 1046044040000

Acceptable Financing Cash

Listing Terms Cash

Listed by Gisele Pinedo, DRE#02188347 MARCUS & MILLICHAP

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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357 Amber Court Upland, CA 91786