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33633218
33633217

5520 Generals Pl, North Highlands, CA 95660

DD
CA 02045150
Marcus & Millichap - Sacramento
TD
CA 01920427
Marcus & Millichap - Sacramento
DH
CA: 01292212
Marcus & Millichap - Downtown Sacramento
Listed by Marcus & Millichap - Sacramento, Marcus & Millichap - Downtown Sacramento
$16,500,000
28 days on market
Updated 9 days ago

The Ridge at McClellan

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 75,250
Net Rentable (SqFt) 75,250
Units 106
Cap Rate 5.53%
NOI $913,026
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.26%
Pro-Forma NOI $1,032,937
Price per SqFt $219
Year Built 1960
Stories 2
Acreage 3.570
Parking Spaces 101 spaces
Parking per 1,000 SqFt 1.34
Investment Type Stabilized

Multifamily | 5.53% CAP | 106 Units

Marketing 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.
  • Sacramento Metro Growth - Located in California's 4th largest metro, North Highlands benefits from persistent housing demand that continues to outpace supply, driving rent growth.

Listing Contacts

DD
CA 02045150
Marcus & Millichap - Sacramento
TD
CA 01920427
Marcus & Millichap - Sacramento
DH
CA: 01292212
Marcus & Millichap - Downtown Sacramento
Listed by Marcus & Millichap - Sacramento, Marcus & Millichap - Downtown Sacramento

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$913,026.00
$76,085.50/mo

Valuation Metrics

0
DSCR
5.53%
Cap Rate
5.53%
ROI

Map

Zoning

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RD-30 ResidentialMulti FamilyHigh Density Multifamily Residential
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Last updated May 14, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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