1253 Agate, Mentone, CA 92359
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1253 Agate, Mentone, CA 92359
1253 Agate, Mentone, CA 92359
1253 Agate, Mentone, CA 92359
1253 Agate, Mentone, CA 92359
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Don Pelletier

Don Pelletier

+1(858) 336-1114
$ 1,400,000
Est. payment /mo
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Active

1253 Agate Mentone, CA 92359

5 Beds

3 Baths

2,334 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,334 sqft

Price per Sqft $599

MLS Listing ID IV26139697

Bedrooms 5

Full Baths 3

Year Built 1946

Lot Size 1.264 Acres

Property Sub-Type Detached

Property Description

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.

Location

State CA

County San Bernardino

Direction From Mentone, go South on Agate

Interior

Heating Forced Air Unit

Cooling Central Forced Air

Fireplace No

Exterior

Garage Spaces 4.0

View Y/N Yes

Water Access Desc Public

Total Parking Spaces 4

Building

Story 1

Sewer Unknown

Water Public

Level or Stories 1

Others

Senior Community No

Tax ID 0298181200000

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by JERRY AVILA, DRE#01354211 ALL NATIONS REALTY & INVS 

NEARBY SCHOOLS & PROPERTIES

Don Pelletier

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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1253 Agate

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