61 Units | Prime Upland | Value-Add | 2 Multifamily Properties Offered at $23,639,041 CAD in Upland, CA

Tour Date: Thursday, April 30 (by appointment)
Link to Doc Ctr: https://properties.berkadia.com/amber-court-properties-492804/
Berkadia is excited to exclusively offer a fantastic value-add opportunity in So Cal with tremendous upside and no city rent control! There are 61 total units in a highly desirable Upland location, minutes to Historic Downtown Upland. The opportunity is attractively priced at a going in cap rate of 5.4%; market cap rate of 6.6% (at conservative projected rents); $241 per square foot; and $280K per unit. The apartments are spacious, “house-like” units averaging over 1,100 square feet (some townhomes). Two of the buildings have new electrical and the third building has in-unit washer and dryer. Comprised of three buildings all located on the same block (249 Amber Court: 22 units; 289 Amber Court: 16 units; and 330 Amber Court: 23 units), the properties are walking distance to neighborhood amenities such as CVS, Vons, Starbucks, Lucky Strike, Sprouts and more. Downtown Upland and the Upland Metrolink station are 6 minutes from the properties and Claremont Colleges are a short drive up Foothill Boulevard.
Additional properties available for purchase from the same ownership (can be purchased individually or in any combination)
TOUR DATES: Thursday, April 9th & Tuesday, April 14th (By Appointment)
-54 units on over 2.5 acres (3 minutes from Downtown Redlands and University of Redlands)
Link to Doc Center: https://properties.berkadia.com/kimberly-487272/
-95 units on 3.5 acres (across street from Canyon Crest Town Centre; minutes to Downtown Riverside and UC Riverside)
Link to Doc Center: https://properties.berkadia.com/via-zapata-properties-487536/