ActiveResidential · sale

44920 Little Lake Road

Mendocino, CA 95460

$1,485,000

  • 0.34 acres
  • Built 1960

Listed by Mendocino Bayside Realty · MLS #C1-10971

44920 Little Lake Road, Mendocino, CA 95460 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Living spaces

Zoned for vacation rental and Bed and Breakfast use.The larger downstairs two-bedroom unit includes wraparound deck, large living room with ocean views, and gorgeous kitchen and dining room.

Year built

Built in 1960.

Garage parking

3 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Mendocino View is a unique three-unit property with sweeping vistas of the delightful town of Mendocino and the ocean beyond. Nestled in the heart of the village, a short walk to shops, galleries, grocery stores, bakeries, and restaurants. Live in a beautiful coastal village and earn rental income too! A solid investment property with immediate returns! Easy access (no car needed) to Big River and Mendocino Headlands State Parks. Craftsman style home with artistic design details. Excellent value and quality construction. Zoned for vacation rental and Bed and Breakfast use.The larger downstairs two-bedroom unit includes wraparound deck, large living room with ocean views, and gorgeous kitchen and dining room. Remodeled in 2019, it features, hardwood floors, gas fireplace, central heating, and unique accents and light fixtures provide a cozy ambiance. Covered parking right by the back door, and a lower lot for visitors. Laundry/mud room and pantry include washer, dryer and extra closet space.Upstairs are two well-appointed and successful self-contained vacation rental suites, zoned and permitted for short-term rentals. Each unit has a gas fireplace, separate bedroom, full kitchen, living and dining areas, and jetted soaking tubs. Covered exterior balconies invite guests to relax and take in the amazing sunsets. Suites supported by a separate large on-site utility room with appliances and facilities for expedited cleaning service, storage for linens etc.All units enjoy propane fireplaces for heat & ambiance. On-demand Generac generator system for a secondary power source. Covered parking for all units & ample guest parking areas. Turn-key-move-in ready for new buyers and their guests & /or extended family to enjoy. Meticulously maintained & carefully cared for. Extensive reports and property history disclosures available upon request.Mendocino is a fun and welcoming community with a vibrant art scene, film and music festivals, and beach access. Come see for yourself and enjoy the laid back, easy going, Mendocino lifestyle.
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THE NEIGHBORHOOD

Explore the location.

44920 Little Lake Road, Mendocino, CA 95460

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THE DETAILS

The details, all in one place.

Property type
ResidentialIncome
Category
Residential
Year built
1960
Garage spaces
3
Cooling
None
Heating
ForcedAir,Fireplaces,Kerosene,Propane
Appliances
Dishwasher,ElectricOven,ElectricRange,ElectricWaterHeater,FreeStandingRange,PropaneRange,PropaneWaterHeater,Refrigerator,RangeHood,Dryer,Washer
Flooring
Carpet,Stone,Tile,Wood
Utilities
CableAvailable,ElectricityConnected,NaturalGasNotAvailable,Propane,SewerConnected,WaterConnected
Fencing
Partial,Wood
Pool
No
Pool features
None
Spa
No
Subdivision
Not Applicable
Zoning
MRM-B
Parcel
1191401000
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$6,187.50
Cap rate—

Annual operating income: —

HOA: No HOA cost is included because the listing source reports a $0 fee. Confirm current dues and special assessments before relying on this estimate.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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44920 Little Lake Road, Mendocino, CA 95460 · MLS #C1-10971

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More in Mendocino.

10490 Blair Street$425,00010490 Blair StreetMendocino, CA44454 Fernwood Road$825,00044454 Fernwood RoadMendocino, CA43014 Little Lake Road$1,977,50043014 Little Lake RoadMendocino, CA

Listing information

MLS #C1-10971 · California Regional MLS

Listing brokerage: Mendocino Bayside Realty
Listing agent: Birdie Wilson-Holmes

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.