For Sale
$3,195,000

12102 Red Gate RdNevada City, CA 95959

Luxury 6-unit rental portfolio on 48 acres

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • Potential annual income of $90,000 from three units rented at $2,500/month.
  • Potential annual income of $108,000 from three units at 50% occupancy as short-term rentals at $200/night.
  • Income projections are conservative estimates and below market potential.
  • Six-unit multifamily property on 48 acres.
  • Includes a main home and five log cabins, plus additional structures.
  • Amenities include a swimming pond with two sandy beaches, a grotto with a hot tub, and an organic garden.

Property Details for 12102 Red Gate Rd

Property type
Residential income homes
Square Feet
9,216 SF
Year Built
2018
Buildings
9
Lot Size (sq. ft)
2,090,880 SF
Units
6

Location Insight

City
Nevada City
County
Nevada
State
California
Latitude
39.233051
Longitude
-121.003497
12102 Red Gate Rd, Nevada City, California

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12102 Red Gate Rd
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