$1,175,000
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:… Read More 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. Read Less
Property listed by Mendocino Bayside Realty, Birdie Wilson-Holmes 310-259-7556
Listing Snapshot
Days Online
1
Last Updated
Lot Size
0.12 Acres
Year Built
1978
MLS Number
C1-11427
Additional Details
Building
Built in 1978, 2 buildings, Building faces East, Levels: MultiSplit
Community
Biking, Curbs, Fishing, Golf, Hiking, HorseTrails, StreetLights, Sidewalks, Park
Cooling
None
Expenses
Electric: $420, Insurance: $4,770, Maintenance: $100, Operating: $27,255, Trash: $844, Water/Sewer: $3,858, Other Expense: $12,463
Fence
Wood
Fireplaces
None
Heating
Combination
Home Owner's Association
Association Fee: $0
Income
Gross Income: $86,985, Gross ScheduledIncome: $114,240, Net Operating Income: $86,985
Laundry
Stacked
Lot
0.12 acres, CornerLot, DripIrrigationBubblers, SprinklersInFront, Landscaped, NearPark, SprinklersTimer
Parking
1 total parking spaces, DrivewayLevel, OnStreet, Uncovered, Unpaved
Pool
None
Property
Horse amenities: RidingTrail, Neighborhood, Ocean
Taxes
Additional parcels description:, Parcel Number: 1192340500, Zoning: MC
Utilities
4 separate electric meters
Water Features
BeachAccess, OceanAccess, OceanSideOfHighway
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Listing Information © California Regional MLS. All Rights Reserved.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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