Five-Unit Townhome-Style Apartment
357 Amber Ct Upland, CA 91786
For Sale
$1,625,000
Five-unit multifamily on a corner lot with private enclosed patios and in-unit washer/dryer hookups.
Property Size5,493 SF
Lot Size0.23 Acres
Price / SF$295.83
Days on Market56
Property Features for 357 Amber Ct
General Information
- Standard status
- Active
- Size
- 5,493 SF
- Lot size
- 0.23 Acres
- Property subtype
- Multifamily
Listing Agency:
Marcus & Millichap - Inland Empire
(909) 456-7013
Listed By:
Kevin Struve · License #License(s): CA: 01266441
(909) 456-7013
Source:
Marcusmillichap
Added: Jun 1
Changed: Jul 20
Last Checked: Jul 26 at 3:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Inland Empire
Investment Insights
Based on property information with market context.
Amber Court Apartments is a five-unit multifamily property built in 1962, situated on a corner lot in Upland, California. The building totals approximately 5,493 square feet and features a townhome-style unit mix of four two-bedroom, one-and-a-half-bath units, plus one single-level two-bedroom, two-bath unit, all of similar size.
Each unit includes washer and dryer hookups, central gas heating, wall-mounted air conditioning, and electric stove and oven. Residents also have an electric water heater and access to a private enclosed patio. The property is individually metered for gas and electricity; the owner is responsible for water, sewer, and trash.
Rents are currently estimated to be approximately 40% below market, creating a repositioning opportunity for an investor seeking to adjust in-place income.
Each unit includes washer and dryer hookups, central gas heating, wall-mounted air conditioning, and electric stove and oven. Residents also have an electric water heater and access to a private enclosed patio. The property is individually metered for gas and electricity; the owner is responsible for water, sewer, and trash.
Rents are currently estimated to be approximately 40% below market, creating a repositioning opportunity for an investor seeking to adjust in-place income.
Key Highlights
- Five‑unit multifamily at 357 Amber Court, Upland, built in 1962
- 0.234‑acre corner lot with approximately 5,493 SF building square footage
- Unit mix: four 2BR/1.5BA townhome‑style units and one 2BR/2BA single‑level unit
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.3k | $17.16 |
| − Vacancy | −$5.8k | −$1.06 |
| EGI | $88.4k | $16.10 |
| − OpEx | −$39.8k | −$7.24 |
| NOI | $48.6k | $8.85 |
5,493 SF · lease $17.16/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$694.7K
$607.9K – $810.5K
NOI $48,629 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,107 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-unit multifamily on a corner lot with private enclosed patios and in-unit washer/dryer hookups.
Where is this apartment building located?
The property is located at 357 Amber Ct Upland, CA.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Five‑unit multifamily at 357 Amber Court, Upland, built in 1962; 0.234‑acre corner lot with approximately 5,493 SF building square footage; Unit mix: four 2BR/1.5BA townhome‑style units and one 2BR/2BA single‑level unit
