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5,493 sqft

$1,350,000

357 Amber Court, Upland CA, 91786

Price per sqft$245.77
Built in1962
Property size5,493 sqft
Property typeCondominium
Listed by Gisele Pinedo CA DRE# 02188347 with MARCUS & MILLICHAP 909-456-3400

Overview

Under contract

Active Under Contract

Listed May 15, 2026

Updated 2 weeks ago

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

$8,982/mo

Est. mortgage payment based on a $1,350,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
CV26106337

Interior Features

Basement
No

Exterior Features

Lot Size
0.23 Acres

Other Property Details

Taxes
$17,440
Tax Frequency
Annually
Maintenance Expense
$6,000
Garage
Yes
55+/Senior Community
No

Also listed on CLAW

MLS provider logo

Listed by Gisele Pinedo CA DRE# 02188347 with MARCUS & MILLICHAP 909-456-3400

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/4/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/4/2026 at 7:33 AM UTC Last Checked: 7:33 AM UTC

 

 

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