What is Mixed-Use Property?
A mixed-use property combines more than one type of use in a single building or development — commonly retail or office on the ground floor with residential units above. It can diversify an owner's income and is encouraged in many California downtowns and transit areas. Financing and zoning are more complex than single-use property.
Example: A developer builds a mixed-use project with shops at street level and apartments on the upper floors, earning both retail and residential rent.