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California Regional Multiple Listing Service

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 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.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Home / Mentone / 1253 Agate
1253 Agate Mentone, CA 92359 1253 Agate Mentone, CA 92359 1253 Agate Mentone, CA 92359 1253 Agate Mentone, CA 92359 1253 Agate Mentone, CA 92359 1253 Agate Mentone, CA 92359 View All Photos

$1,300,000

| Active

1253 Agate

Mentone, CA 92359

2,334
Square Feet
5
Beds
3
Baths
1.26
Acres
74
Days on Market
IV26139697
MLS#
House
Structure
Residential
Zone
Contact
Listing OfficeALL NATIONS REALTY & INVS

INVESTOR OPPORTUNITY | 4-PARCEL DEVELOPMENT SITE | 1031 EXCHANGE CANDIDATE. 1253 & 1255 Agate Ave, Mentone CA 92359. Rare income-producing development opportunity in Mentone's supply-constrained submarket. Two fully remodeled SFRs currently leased at $2,750/mo (3bd/2ba) and $2,300/mo (2bd/1ba) — immediate cash flow of $5,050/mo from day one. Site totals 55,044 SF (1.26 acres) including private access corridor. Conceptual plan supports 4 parcels averaging ~11,676 SF each, SFR + ADU per parcel — 8 income-producing units at stabilization. Given site size and depth, a buyer with appropriate development expertise may have the opportunity to achieve 5 or 6 lots. Buyer to verify all development possibilities with San Bernardino County Land Use Services. Projected stabilized gross income: $228,600/yr. NOI: $152,019/yr. Cap rate: 5.38%. New SFRs projected at $3,000/mo each. ADUs projected at $2,000/mo each. Stabilized total: $19,050/mo across all 8 units. All figures illustrative — buyer to verify independently. Zoning: RS | San Bernardino County (unincorporated). 132 ft × 417 ft total. 112 ft × 417 ft buildable. Private access corridor included in sale. May qualify as like-kind replacement property under IRC Section 1031. Consult qualified intermediary and tax advisor. Seller makes no representations regarding tax treatment. Sold as-is. Buyer to verify all zoning and development standards with San Bernardino County prior to close. Conceptual site plan available upon request. Shown by appointment only.

Property Details
Interior
All Bedrooms Down
Cooling
1
Heating
Central
Cooling Features
Central Air
Bedrooms
5
Bathrooms
3.0
Full Baths
3
Lot Features
Value In Land
Stories
1
Lot Description
Value In Land
Acres
1.264
Square Feet
2334.0
Lot Size (sqft)
55044.0
Parking
1
Parking Spaces
4
Parking Type
Garage
Parking Garage Spaces
4.0
Property Type
Purchase
Property Subtype Additional
Single Family Residence
Year Built
1946
Sewer Information
Septic Type Unknown
Utility Source
Public
Community Features
Suburban
School District
Redlands Unified
County
San Bernardino
Region
Mentone
Original List Price
$1,400,000
Days on Market (Cumulative)
74
HOA Fees
0.0
MLS #
IV26139697
Location
Legal

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 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.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Provided By
Listed by JERRY AVILA (#IAVILJER)
Listing Office: ALL NATIONS REALTY & INVS (#ESPR)

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