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The Ridge at McClellan 5520 Generals Pl 106 Unit Apartment Building $22,705,321 CAD ($214,201 CAD/Unit) 5.53% Cap Rate North Highlands, CA 95660
Investment Highlights
- Enviable Loan Assumption Available
- Sacramento Metro Growth
- McClellan Business Park Adjacency
Executive Summary
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.
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.
Property Facts
| Price | $22,705,321 CAD | Building Class | C |
| Price Per Unit | $214,201 CAD | Lot Size | 3.57 AC |
| Sale Type | Investment | Building Size | 81,134 SF |
| Cap Rate | 5.53% | Average Occupancy | 100% |
| No. Units | 106 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.44/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RD-30 | ||
| Price | $22,705,321 CAD |
| Price Per Unit | $214,201 CAD |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| No. Units | 106 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.57 AC |
| Building Size | 81,134 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.44/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RD-30 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Heating
- Ceiling Fans
- Granite Countertops
- Refrigerator
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Pool
- Property Manager on Site
- Gated
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 62 | $1,906 CAD | 628 |
| 2+1 | 44 | $2,009 CAD | 825 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 218-0231-007 | Improvements Assessment | $16,488,911 CAD |
| Land Assessment | $3,321,612 CAD | Total Assessment | $19,810,523 CAD |
Property Taxes
Parcel Number
218-0231-007
Land Assessment
$3,321,612 CAD
Improvements Assessment
$16,488,911 CAD
Total Assessment
$19,810,523 CAD
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The Ridge at McClellan | 5520 Generals Pl
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