10540 Lansing St

Highlights:

• 6.28% Projected CAP Rate
• Located in One of California’s Most Picturesque and Supply-Constrained Coastal Markets
• Rare Mixed-Use Asset in the Heart of Mendocino
• Built in 1977 | Charming Architecture and Coastal Aesthetic
• 0.12-Acre Corner Lot on Prime “Main on Main” Location
• 5-Minute Walk to the Beach and Bluff trails

Description:

Mejia Realty Group at eXp Commercial is pleased to present the opportunity to acquire a rare mixed-use property located in the heart of Mendocino, California. Built in 1977, this unique asset features one ground-floor commercial space and three residential units, offering a versatile blend of income streams in one of the North Coast’s most iconic and tightly held investment markets.

The residential mix includes one studio apartment (approx. 425 SF), one one-bedroom/one-bath unit (approx. 600 SF), and one two-bedroom/one-bath unit (approx. 775 SF). The commercial space totals approximately 1,800 square feet. All square footages are estimates; buyer to verify square footage. Among the residential units is a rare water tower unit, a local architectural gem that enhances the property’s historic charm and curb appeal. The studio unit also features an in-unit washer and dryer, offering added convenience and rental appeal.

Exterior features include wood siding, a combination of pitched composition and partial flat roofing, and charming white picket fencing. The property is further improved with partial dual-pane windows, individual water heaters, and baseboard heating units in select units. Several units enjoy private backyard or patio areas, a rare amenity within the village core.

With its flexible configuration, classic design, and potential for vacation rental use (buyer to verify with the County of Mendocino), this property is ideally suited for an owner-user, investor, or short-term rental operator looking to capitalize on strong demand and limited supply in one of California’s most desirable coastal markets.

Situated in the heart of historic Mendocino, this property enjoys an irreplaceable corner location on Main Street, just steps from the town’s central shops, restaurants, galleries, and breathtaking coastal bluffs. Known for its preserved Victorian architecture, artisan culture, and dramatic Pacific Ocean views, Mendocino is one of California’s most visited and visually iconic coastal communities.

The property is ideally positioned just a 5-minute walk to the beach, blufftop trails, and Headlands State Park, offering tenants and patrons immediate access to the natural beauty that draws visitors year-round. With its compact, walkable layout and strong local identity, Mendocino supports a vibrant blend of tourism and long-term residential demand.

The surrounding area features a mix of boutique retail, historic inns, locally owned cafés, and art studios—making the location ideal for both commercial visibility and residential appeal. Strict development regulations and architectural preservation controls help maintain Mendocino’s charm while limiting new housing supply, further reinforcing the value of existing income-producing assets.

Whether used for long-term tenancy, live/work occupancy, or short-term rental conversion (buyer to verify with County), this location offers unparalleled lifestyle and income potential in a tightly held, high-barrier-to-entry coastal market.

DRIVE BY ONLY. ALL PROPERTY SHOWINGS ARE SUBJECT TO SELLER ACCEPTED OFFER WITH PROOF OF FUNDS. PLEASE CONSULT LISTING AGENT FOR MORE DETAILS. PLEASE DO NOT DISTURB TENANTS.