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38 Units | Prime Upland | Value-Add 2 biens • Immeuble residentiel • À vendre 15 207 680 $ CAD • Upland, CA



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Faits saillants de l'investissement
- 38 units in fantastic Upland location; minutes to Historic Downtown Upland
- Going-in cap rate of 5.5%; market cap rate of 6.7%; Attractively priced at $219 per square feet and $286K per unit
- New electrical panels at 249 & 289 Amber Court (2023)
- Rare opportunity to purchase two adjacent buildings; Tremendous rental upside with no city rent control
- Spacious “house-like” units averaging over 1,200 square feet (12 townhomes)
- New roof at 249 Amber Court (2025)
Résumé de l'annonce
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 38 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 5.5%; market cap rate of 6.7% (at conservative projected rents); $219 per square foot; and $286,842 per unit. The apartments are spacious, “house-like” units averaging over 1,200 square feet (12 townhomes). 249 Amber Court has new electrical panels (2023) and a new roof (2025). 289 Amber Court has new electrical panels (2023). Comprised of two adjacent buildings (249 Amber Court: 22 units and 289 Amber Court: 16 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.
Berkadia is excited to exclusively offer a fantastic value-add opportunity in So Cal with tremendous upside and no city rent control! There are 38 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 5.5%; market cap rate of 6.7% (at conservative projected rents); $219 per square foot; and $286,842 per unit. The apartments are spacious, “house-like” units averaging over 1,200 square feet (12 townhomes). 249 Amber Court has new electrical panels (2023) and a new roof (2025). 289 Amber Court has new electrical panels (2023). Comprised of two adjacent buildings (249 Amber Court: 22 units and 289 Amber Court: 16 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.
Faits sur la propriété
| Prix | 15 207 680 $ CAD | Statut | Actif |
| Prix/pi² | 192,36 $ CAD / pi² | Nombre de propriétés | 2 |
| Condition de vente | Ventes de portefeuille | Individuellement en vente | 0 |
| Taux de capitalisation | 5,50% | Taille totale du bâtiment | 79 060 pi² |
| Type de vente | Investissement | Superficie totale du terrain | 1,78 AC |
| Prix | 15 207 680 $ CAD |
| Prix/pi² | 192,36 $ CAD / pi² |
| Condition de vente | Ventes de portefeuille |
| Taux de capitalisation | 5,50% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 79 060 pi² |
| Superficie totale du terrain | 1,78 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
|
Amber Court I
249 Amber Ct, Upland, CA 91786 |
Immeuble residentiel | 49 866 pi² | 1965 | - |
|
Amber Court II
289 Amber Ct, Upland, CA 91786 |
Immeuble residentiel | 29 194 pi² | 1962 | - |
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38 Units | Prime Upland | Value-Add
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