Mendocino, CA 95460 10481 Lansing Street
$3,985,000
45 more
Presented By: Greg Burke with Mendo Sotheby's International Realty;
Beds • 1
Baths • 1
Year Built • 1972
Home Details
Here is a great opportunity to live in Mendocino Village and also have a steady income stream. This comfortable 1 bedroom, 1 bathroom residence has high end amenities and lives like a penthouse suite, overlooking the streetscape below or the ocean views beyond. There is a private deck with a hot tub for relaxation or simply lounging around.This fabulous living space could also be your second home, a place to get away to the coastal climate and oversee your investment. The income is generated from 6 distinctly different retail spaces which are enjoyed by locals and visitors alike. The corner lot is one of the best locations in Mendocino for street exposure and foot traffic. Additionally there is a popular restaurant which comprises the 7th tenant. Historically there has been very little vacancy. Enjoy the beautiful Mendocino coast and get a return on your investment as well.
Presented By: Greg Burke with Mendo Sotheby's International Realty;
Interior Features for 10481 Lansing Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NYes
Heating Y/NYes
General for 10481 Lansing Street
Additional Parcels Y/NNo
AppliancesElectricCooktop, ElectricOven, Refrigerator, Dryer, Washer
Attached Garage No
Carport Y/NNo
CityMendocino
Community FeaturesGolf, Hiking, StreetLights, Sidewalks, Park
CoolingNone
CountyMendocino
DirectionsSoutheast corner of Lansing and Ukiah Streets.
Electric On Property Y/NNo
Garage Spaces0.0
Garage Y/NNo
Gross Income274000.0
HOANo
HOA Fee$0.0
HeatingPropane
Home Warranty Y/NNo
Insurance Expense10000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet9147.6
Lot Size UnitsAcres
MLS AreaMTW - Mendocino Town West
MobileHomeRemainsYNNo
Net Operating Income1970000.0
New ConstructionNo
Operating Expense77000.0
Pool FeaturesNone
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameNot Applicable
Trash Expense3000.0
ViewOcean
Year Built1972
Year Built SourceAssessor
ZoningMC
Exterior for 10481 Lansing Street
Crops Included Y/NNo
FencingPartial
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard, CornerLot, Garden, NearPark, SprinklersNone
Lot Size Acres0.21
Lot Size Area0.21
Number of Buildings4
Number of Separate Electric Meters8
Number of Separate Gas Meters1
Number of Separate Water Meters8
Open Parking Y/NNo
Parking FeaturesOffStreet, OnStreet
Private PoolNo
SpaYes
Total Parking2.0
Water SourceWell
WaterfrontY/NNo
Additional Details
Price History
