10540 Lansing Street Mendocino, CA ^$ 1,175,000

10540 Lansing Street

^$ 1,175,000

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Recently Listed

10540 Lansing Street

Mendocino, CA, 95460

^$ 1,175,000

Studio Baths1.0 Sq 3,392

Monthly Estimate*

^$ 7,419

Listed by Mendocino Bayside Realty

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Studio

Multi-Family Home for sale in Mendocino, CA

for $1,175,000 with 1 full bath. This 3,392 square foot home was built in 1978 on a lot size of 0.12.

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.

Multi-Family Active

Price

^$ 1,175,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.12

Year Built

1978

Town/City

Mendocino

County/Region

Mendocino

MLS | Web ID

C111427

Days on Market

Features

General

Heating Combination

Cooling None

Possession Close Of Escrow

Zoning MC

HOA Fee 0

Garage Spaces 0

Pool Features None

Exclusions Refrigerator in studio tenant's furniture/personal property and retail store inventory.

Year Built 1978

View Neighborhood Ocean

Levels Multi/Split

Gross Income 86985

Waterfront Features Beach Access Ocean Access Ocean Side Of Highway

Community Features Biking Curbs Fishing Golf Hiking Horse Trails Street Lights Sidewalks Park

County Mendocino

Net Operating Income 86985

Operating Expense 27255

Insurance Expense 4770

Property Type Residential Income

MaintenanceExpense 100

Subdivision Name Not Applicable

Facing Direction East

Garage Y/N false

Special Listing Conditions Trust

Status Active

Directions North HWY 1 to Little Lake Road. West on Little Lake to Lansing Street. South on Lansing to address and sign on the right/west side of the street.

City Mendocino

Senior Community Y/N false

MLS Area MTW - Mendocino Town West

Lot Size Units Acres

Lot Size Square Feet 5227.2

Listing Terms Cash Cash to New Loan Conventional 1031 Exchange

Spa Features None

Property Attached Y/N false

Land Lease Y/N false

Electric Expense 420

Fuel Expense 0

Trash Expense 844

Water Sewer Expense 3858

Additional Parcels Y/N false

Rent Control Y/N false

Standard Status Active

Year Built Source Public Records

Cap Rate 7.8

Interior

Fireplace Features None

Common Walls No Common Walls

Air Conditioning Y/N false

Heating Y/N true

Fireplace Y/N false

Laundry Features Stacked

Total Baths 0

Exterior

Fencing Wood

Parking Features Driveway Level On Street Uncovered Unpaved

Lot Features Corner Lot Drip Irrigation/Bubblers Sprinklers In Front Landscaped Near Park Sprinklers Timer

Total Parking 1

Inclusions Most appliances and stackable washer/dryer in studio

Lot Size Area 0.12

Number of Buildings 2

Spa false

Building Area Total 3392

Lot Size Acres 0.12

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 0

Number of Separate Gas Meters 0

Number of Separate Electric Meters 4

Horse Amenities Riding Trail

* Excluded Features

List By

Mendocino Bayside Realty

Broker

birdie@mendocinobaysiderealty.com

Affordability Calculator

$7,419

Per Month

Monthly Principal & Interest: $7,419
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Mendocino, CA

Average List Price ^$1,518,333

Percent of Sale Price 29%

About Mendocino, CA

894 Population

15% Since 2002

^$50,807 Median Income

57.6 Median Age

4% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/13/2026	$1,175,000		Listed Price

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10540 Lansing Street, Mendocino, CA, 95460 is a Multi-Family Home for sale at $1,175,000 with 3,392 sqft and a lot size of 0.12. 10540 Lansing Street is a studio with 1.0 baths and was built in 1978. The property's zip code is 95460 which is in Mendocino, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/29/2026. 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.

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10540 Lansing Street

Multi-Family Home for sale in Mendocino, CA

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