Two Hills Ranch lots with the opportunity to build two approved townhomes. Live in one and sell the other. Great investor income potential. Coastal approval already in place for the ''Eucalyptus'' town home design.The Hills Ranch Association is the only townhome development in Mendocino. It offers a mutual water system, easy access to the ocean and beautiful Mendocino Village. Popular with vacation owners and full time residents. HOA dues covers maintenance of roofs, siding, roads and common areas.