The 166-unit complex, Sierra Vista Apartments, was 95% occupied at the time of sale. Located at 10558 Mountain View Ave., the property is comprised of 10 one-bedroom/one-bath units and 156 two-bedroom/two-bath units. Ranging in size from 660 sf to 895 sf, the units rent for between $650 and $775 per month.
The complex, which dates back to 1985, boasts a wide range of amenities. Its features include a swimming pool, tennis court, sand volleyball court, laundry facilities, playgrounds, community room, fitness center, locked storage and individual patios and balconies.
Village Investment was represented by Douglas Froehlke, who is based in the Ontario office of Marcus & Millichap Real Estate Investment Brokerage Co. Froehlke also acted on behalf of RK Properties, the institutional investor based in Long Beach.
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