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357 Amber Court
Active
Apartment
Apartment
357 Amber Court 
$1,350,000
Offered at
Upland, CA 91786
San Bernardino County
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Beds
—
Baths
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Sq Ft
10,019
Lot Sq Ft
1962
Year Built
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…
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
Facts & Features
Interior
Appliances
- Laundry: Washer Hookup, Gas Dryer Hookup
Interior area
- Total structure area: 5,493 sqft
Property
Parking
- Total spaces: 6
- Parking features: Assigned, Carport, On Site
- Garage spaces: 2
Features
- Has private pool: No
Lot
- Size: 0.23 Acres
- Features: Sixteen To Twenty Units Acre
Details
- Parcel number: 1046044040000
Construction
Type & style
- Home type: Residential Income
- Property subtype: Apartment
Condition
- Year built: 1962
Location
Mike Zwarg
Broker / Owner
951.528.0626
mike@mzhomes.us
mike@mzhomes.us
Listing Office: MARCUS & MILLICHAP · Listing Agent: Gisele Pinedo · CRMLS
The property listing information on this website comes in part from the California Regional Multiple Listing Service (CRMLS) via Internet Data Exchange (IDX). Information is deemed reliable but is not guaranteed accurate by the MLS, and all properties are subject to prior sale, change, or withdrawal. This data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than identifying properties consumers may be interested in purchasing. Buyers should independently verify all information, including square footage, lot size, schools, and property condition.
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357 Amber Court, Upland, CA 91786
951.528.0626
mike@mzhomes.us
mzhomes.us
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