12102 Red Gate RdNevada City, CA 95959

Property Details for 12102 Red Gate Rd

Year built

2018

Lot size

48.00 AC

Property size (Sq ft)

9,216 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Nevada City

County

Nevada

State

California

Latitude

39.2331

Longitude

-121.003

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].