About This Home
This 5-bedroom, 3-bathroom single family at 1253 Agate in Mentone, CA is listed for $1,300,000 ($557 per sqft). Built in 1946, the home offers 2,334 sqft of living space on a 1.26 acres lot.
Key Features
- Built in 1946
- 1.26 acre lot
- 4 parking spaces
Property Details
Amenities
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 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: $221,400/yr. NOI: $147,231/yr. Cap rate: 5.04%. Zoning: RS | San Bernardino County (unincorporated). 132 ft * 417 ft total. 112 ft * 417 ft buildable. May qualify as like-kind replacement property for a 1031 Exchange. 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.
Monthly Cost Estimate
$6,953/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1253 Agate
Mentone, CA 92359
Property Details
Heating
Cooling
Questions & Answers
This 5-bedroom, 3-bathroom single family at 1253 Agate is listed at $1,300,000 ($557/sqft). The estimated monthly payment is $6,953 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1946, 1.26 acre lot, 4 parking spaces.
This property is listed by JERRY AVILA and can be reached at 9099089474.