Sierra Ridge Apartments are located in the suburban Citrus Heights area of Sacramento, close to Interstate 80 and near the southern border of Roseville and Placer county. The immediate neighborhood is comprised of single family homes , apartments, commercial and retail properties. The property is a convenient commute distance from both downtown Sacramento and Roseville. Citrus Heights is a community of approximately 140,000 residents. It has a strong retail, financial and service based industry. The area was once characterized by high growth, but has approached the finite restrictions of available land. Citrus Heights contains the largest indoor mall in Northern California, Sunrise Mall, as well as a wide variety of strip malls and retail centers. Roseville has attracted a diverse group of manufacturers, including HP, NEC Electronics, and Herman Miller.
Market wide vacancy rates for properties in the Citrus Heights area have dropped to approximately 5%. The combination of Sacramentos relatively stable cost of living, increasing job growth and new development, has resulted in a favorable environment for single and multi-family dwellings. New developers have been unable to acquire land and obtain entitlements to develop sites to keep pace with the growth in housing demands. This lack of new construction should result in significant pressure on existing rents and vacancies in the near future.
• Sacramento is the Nations' overall leading growth market
• Sacramento was selected as the best city to invest in apartments.