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Upland Apartments with Value-Add Potential Trade to Limited Partnership
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Marcus & Millichap finalized the sale of Amber Pines Apartments, a 23-unit multifamily property located at 330 Amber Ct. in Upland. The property sold for $5.9 million, or $257,717 per unit.

“Amber Pines features a mix of spacious studio, one- and two-bedroom floor plans,” said Douglas McCauley, senior managing director investments. “The asset’s prime north Upland location and strong underlying fundamentals provide the buyer with a solid foundation to add value through interior upgrades and property improvements over time.”

McCauley and David Covarrubias, investment specialists in Marcus & Millichap’s Inland Empire office, represented the buyer, A-SF Limited Partnership. The seller was a California trust.

Built in 1975, the 22,118-square-foot property is situated on 0.75 acres. Unit amenities include central air conditioning and heating, private patios and balconies, fireplaces, dishwashers and in-unit washers and dryers. Community amenities include a swimming pool, barbecue area and 35 carports and open parking spaces.

The post Upland Apartments with Value-Add Potential Trade to Limited Partnership appeared first on Connect CRE.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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