3320 Mendocino Ave Immeuble residentiel 6 lots 2 069 361 € (344 894 €/Lot) Taux de capitalisation 5,66 % Santa Rosa, CA 95403

3320 Mendocino Avenue is a fully leased income property featuring six upgraded residential units (two attached single-family homes and four townhouses) plus a 2,100+/- SF freestanding commercial building occupied by the Wagon Wheel Bar, a Santa Rosa staple since the 1940s.
Situated on approximately one acre with Office (O) zoning, the site offers flexible options for redevelopment, including mixed-use or higher-density multifamily. The residential units have been substantially updated with new flooring, appliances, fixtures, and systems, making them easy to lease and manage.
A prime value-add opportunity exists for an owner-user to renovate and activate the bar space as a restaurant or taproom, or for a developer to pursue additional residential units. The bar tenant is currently on a month-to-month lease, offering flexibility for repositioning.
The property also features ample off-street parking, a landlord-owned coin laundry for added income, and strong in-place cash flow with potential for expansion or owner occupancy of the commercial space.