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    OFF-MARKET
    Residential income homes

    12102 Red Gate Rd, Nevada City, CA 95959

    9,216 SF 48 ac lot Built 2018
    Property ID
    Property summary
    AI-generated overview

    This exceptional 48-acre property in Nevada City, California, presents a unique investment opportunity. The portfolio comprises a main home and five additional log cabins, totaling six units, offering a blend of rustic elegance and modern amenities. Each unit boasts features such as wood floors, vaulted ceilings, hickory cabinets, granite/marble counters, and custom vanities. Many units include upper lofts, significantly increasing sleeping capacity. Beyond the main residences, the property includes a guest cabin, a tiny house, and an art barn, currently used as studios. A stunning spa, complete with an indoor hot tub, rock work, fireplace, and massage room, adds to the property's allure. The expansive grounds feature a private swimming pond with two sandy beaches, an organic garden, hiking trails, a year-round creek, and two waterfalls. Infrastructure includes two high-producing wells, underground PG&E, propane, high-speed internet, and an automatic generator, supporting potential self-sufficiency. The property's location, nestled between Grass Valley and Nevada City, offers proximity to excellent schools, and easy access to outdoor recreation, cultural attractions, and major transportation routes. The 9,216 square foot property, built in 2018, sits on three adjoining lots and is zoned RES-AG. Conservative income projections suggest $90,000 annually from three units rented at $2,500/month, or $108,000 annually from three units at 50% occupancy as short-term rentals at $200/night. These figures significantly underestimate the property's true rental potential. This is a truly remarkable opportunity to own a self-sustaining, income-generating retreat in a highly desirable location.

    Property profile
    Verified
    Property type Residential income homes
    Year built 2018
    Total area 9,216 SF
    Lot 48 ac (2,090,880 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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