357 Amber Court, Upland, CA 91786
List Price: $1.55M
Listing Status: Active
Original List Price: $1.63M
0Days on Market: 19
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1962
Lot Size: 10,018 sq ft
Garage Spaces: 2
Private Pool: Yes
Annual Property Tax: $17,440
MLS Number: CV26106337
About This Property
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 40% 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.
Listing provided by: Gisele Pinedo DRE #02188347 909-456-3400 gisele.pinedo@marcusmillichap.com, MARCUS & MILLICHAP
Source: CRMLS, MLS #: CV26106337
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.