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California  + Bay Area  + Apartments  |  September 1, 2026
Alderwood
Mike Boyd
By: Mike Boyd

Ridge Capital Offloads Two Ukiah Apartment Complexes

Ridge Capital sold a two-apartment Northern California portfolio for $23.5 million. No buyer was disclosed.

The apartment portfolio includes Sierra Sunset Village, a 68-unit development at 531 Capps Land and the Alderwood Apartments, a 53-unit venture at 1450 S. State Street in Ukiah.

Sierra Sunset Village features mostly two-bedroom apartments with open floor plans, stainless steel appliances, hardwood-style flooring and central air conditioning. Community amenities include a pool, fitness center and an outdoor picnic area.

Alderwood Apartments offers a mix of two- and three-bedroom floor plans onsite amenities that include a pool, covered garage parking and outdoor grilling areas.

Zach LeBeouf and Anthony Pappageorge of Northmarq’s Walnut Creek, Calif., Investment Sales team represented the seller in the deal.

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Ridge Capital

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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