Listed by Marcus & Millichap - Inland Empire
$16,000,000
Sierra Crossing Apartments & Motel
Details
APN 0252-161-65-0000
Property Type Multifamily, Hospitality
Sub Type Apartment Building, Motel
Square Footage 73,287
Units 112
Cap Rate 6.93%
NOI $1,108,354
Tenancy Multi
Pro-Forma Cap Rate 8.55%
Pro-Forma NOI $1,368,009
Price per SqFt $218
Year Built 1987
Year Renovated 2026
Buildings 11
Stories 2
Acreage 4.189
Zoning VC/BE
Parking Spaces 176 spaces
Parking per 1,000 SqFt 2.40
Investment Type Value Add
Multifamily | 6.93% CAP - Pro Forma CAP 8.55% | Total of 112 Units
Marketing description
Marcus & Millichap is pleased to exclusively present the Sierra Crossing Apartments & Motel located at 18179 and 18181 Valley Blvd. in Bloomington, California. There is a total of 112 units, encompassing 71 multi-family units and 41 motel units. Said property is in an Opportunity Zone, located between Valley Blvd and the Interstate 10-Freeway. With a combined + 73,287 building SF, 11 separate buildings, 176 open parking spaces, the property is situated on a large 4.189 Acre parcel.
Investment highlights
- Total of 112 Units
-71 Multi-Family Units built in +1987
-41 Motel Units built in +1987/+1950
- Located in an Opportunity Zone
- Situated on a Large Parcel: +4.189 Acres
- 14 Motel Units are Fully Renovated in Year 2026
- 49 Multi-Family Units upgraded in the past 5 years.
- Amenities for the Multi-Family Building include Privacy Entrance / Gate, Recreation Building with Large Playground, Central Laundry Room and Fire Sprinklers
- Ideal Value-Add / Repositioning Opportunity
- In a 3-mile radius, estimated population of +189,522 and average household income of +$91,741
Listing Contacts
Listed by Marcus & Millichap - Inland Empire
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,108,354.00
$92,362.83/mo
Valuation Metrics
0
DSCR
6.93%
Cap Rate
6.93%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Is there information that looks off?
