The Ridge at McClellan — Sale in North Highlands, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: North Highlands, CA 95660

Photos

The Ridge at McClellan — Sale in North Highlands, CA, photo 1 of 2
The Ridge at McClellan — Sale in North Highlands, CA, photo 2 of 2

Investment Figures

Cap rate
5.53%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The Ridge at McClellan is a 106-unit multifamily community situated at 5520 Generals Place in North Highlands, California 95660. Built in 1960, the two-story property spans approximately 81,134 square feet across a 3.57-acre lot, offering a well-established footprint in one of Sacramento County's most accessible suburban submarkets. The property is conveniently located just minutes from I-80, shopping, and schools, making it an attractive option for commuters traveling to Sacramento — the fourth largest metropolitan area in California. Residents also benefit from proximity to American River College and Sacramento State, supporting a broad and stable renter base. The surrounding North Highlands neighborhood sits just 10 miles from Downtown Sacramento, with quiet streets lined with modest single-family homes and easy access to restaurants and retail. The former McClellan Air Force Base nearby has been redeveloped into a thriving commercial park that brings ongoing economic activity and community events to the immediate area. The property has undergone transformative renovations in recent years; double pane windows have been installed throughout and all units now include LVP flooring and granite countertops. What really sweetens this investment opportunity is the assumable in-place debt, fixed at 3.7% until 2031. The payments recently switched from interest-only to principal and interest payments. At approximately 62LTV the debt is truly accretive to value. Please do not disturb management. Listing agent must be present for all tours. Investment Highlights: • Enviable Loan Assumption Available - Existing Fannie Mae Debt can assumed with roughly 5 years remaining fixed at 3.68% P/I payments with a loan balance of approximately 62LTV. • McClellan Business Park Adjacency - Redeveloped former Air Force base next door provides a built-in employment hub, supporting strong occupancy and reduced vacancy risk.

Market Context

This multifamily in North Highlands, CA is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in North Highlands, CA — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in California