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Penn Valley, CA, 95946 • 95946 • Nevada County
$404/sqft
Down payment assistance available
2Beds
2Baths
780Sqft
1.4 acLot
2025Built
Contemporary,Cottage Style
Built 2025 · 1 years of history
This home is getting attention
Listed 49 days ago · 296 views · 5 saves
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296 views
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5 saves
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49 days on market
Established listing
$404/sqft
Price per square foot
Condo · Built 2025
Investment opportunity with community benefit! Earn a solid return while providing much-needed local housing. This new construction duplex in Penn Valley town center features two 2BR/2BA units that will be sold individually, at cost and below market value to assure both affordability and profit. Smaller Unit of the Duplex (Unit B). Developed by NevCo West Community Land Trust to provide workforce housing, rents are structured to remain aligned with middle income levels while yielding 5% in Year 1 and up to 7% by Year 10. Property is held under a 99-year renewable ground lease that preserves affordability while allowing resale of investor shares under favorable terms. Complete on-site property management, including tenant screening, maintenance, and bookkeeping is provided. Investors simply receive monthly income with no landlord duties. A turnkey, socially responsible investment with stable returns, zero management hassle, creating lasting community impact.
Based on current rates
Est. 6.19% rate · 30yr fixed · $252,000 loan
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Key facts and listing details
9 categories of property features
2 rooms detailed
Dining Room
Kitchen
Market data and value estimates
2 schools rated nearby
Penn Valley, CA, 95946
3 events
Local context around this listing
Penn Valley, CA • Nevada County
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