Mendocino Village Compound

45045 Calpella Street Mendocino, California 95460 United States

Ideal for 1031 exchange, a Mendocino village coastal mixed use property. A beautiful newly constructed home with income. This recent NY Times featured, 2bd/2ba 1,980 sf Victorian Italianate inspired design with energy efficient amenities including paid for solar, newly constructed in 2023 on .28 acres also includes a detached studio. Mendocino has a pleasant coastal climate with an average summer high of 63 degrees. This central village location is within 500' of restaurants, bank, post office, museum and three blocks to stunning state park protected coastal bluffs. It is extremely difficult to build in the village of Mendocino located on the coast of Northern California. This home was the first new home to be constructed in the village in 15 years requiring numerous state and local agency approvals. In addition, there is a separate fully leased 3-unit Victorian House on the property that was built in 2005 which includes Edward Jones, a national corporate office tenant, and two apartment residences that are fully leased. This is a fantastic opportunity for a 1031 exchange, live work, or just enjoy the benefits of a quality investment that took over 5 years to develop.