18179-18181 Valley Boulevard

Bloomington, CA



Close of Escrow: 12/22/2017

Total Number of Units: 112

Year Built: 1987

Sale Price: $14,700,000

Price per Unit: $131,250

Price per Square Foot: $192.13

CAP Rate: 6.94%

GRM: 7.83

Downpayment: $4,410,00

Net Operating Income: $1,020,733

Rentable Square Feet: 76,510

Lot Size: 4.189 Acres

Unit Type

1Bdr 1Bath

2Bdr 1.5Bath

Motel Studios

1Bdr 1Bath Motel Suites

2Bdr 1.5Motel Suites

Managers Units / SFR

No. of Units







Le Investment Group was proud to represent the Buyer and Seller of the Sierra Crossing Motel & Apartments. The property is located at 18179-18181 Valley Boulevard in Bloomington, situated on a large 4.19 acre lot. This multi-use property is currently operated as a 40 room motel with a separately gated 70 unit apartment community. The motel is composed of 30 standard motel rooms, 2 one bedroom / one bathroom suites, 8 two bedroom / one and a half bathroom suites, and a two bedroom manager’s suite. The apartment community possesses an attractive unit mix of 14 one bedroom / one bathroom units, 56 two bedroom / one and a half bathroom units, and a two bedroom onsite Apartment manager’s house with attached leasing office. The Sierra Crossing apartment tenants are provided with amenities such as secure gated entry, laundry facility, pool, spa, clubhouse, BBQ / social areas, children’s playground, and an onsite security guard from 11:00PM – 7:00 AM 365 days a year.