10540 Lansing Street, Mendocino, CA, CA 95460

$1,175,000

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List Price
$1,175,000
Status
ACTIVE
MLS#
C1-11429
County
Mendocino
Zoning
MC
Year Built
1978
Square Feet
3,392
Lot Location
Corner Lot, Drip Irrigation/Bubblers, Sprinklers In Front, Landscaped, Near Park, Sprinklers Timer
Days on Market
61
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

Prime Mixed-Use Investment Opportunity in the Heart of Mendocino Village !Discover a remarkable and highly profitable income property located in the vibrant heart of the iconic historic village of Mendocino. This versatile, 4-unit mixed-use building spans approximately 3392 square feet, perfectly balancing commercial success with coastal residential charm.The property features: Prime Commercial Retail Space: An expansive, highly visible storefront (~1,688 sq. ft.) commanding excellent foot traffic in a coveted downtown location.The Historic Water Tower (Unit 1): A truly unique, quintessential Mendocino residence (~527 sq. ft.) featuring a loft bedroom with ocean views.Residential Unit 2: A comfortable and spacious two-bedroom, one-bathroom unit (~770 sq. ft.), Studio Unit: An efficient, cozy, ground level studio space (~420 sq. ft.).Situated on a desirable corner lot just blocks from the ocean bluffs, Big River, beach and state park trails. Home and pest inspection reports are available. Contact listing agent for reports and property details.

Additional Information

Taxes
$12,463
Parcel Number
1192340500
Gross Scheduled Income
$114,240
Operating Expense
27255
Net Operating Income
$86,985
Lot Features
Corner Lot, Drip Irrigation/Bubblers, Sprinklers In Front, Landscaped, Near Park, Sprinklers Timer
Heat
Combination
Cooling Description
None
Parking Spaces
1
Water
Well
Water Features
Beach Access, Ocean Access, Ocean Side Of Highway
Community Features
Park

Listing courtesy of Listing Agent: Birdie Wilson-Holmes (birdie@mendocinobaysiderealty.com) from Listing Office: Mendocino Bayside Realty.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.