1253 Agate, Mentone, CA 92359

Mentone
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
1253 Agate,Mentone, CA 92359
$1,200,000
  • 5 Beds
  • 3 Baths
  • 2,334 sq. ft.
  • Single family
  • Active
Listed by: jerry avila
Office: all nations realty & invs
MLS#:IV26139697
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$514.14

About this home

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...

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Home facts

  • Year built:1946
  • Listing ID #:IV26139697
  • Added:93 day(s) ago
  • Updated:September 28, 2026 at 02:27 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,334 sq. ft.

Heating and cooling

  • Cooling:Central Forced Air
  • Heating:Forced Air Unit

Structure and exterior

  • Year built:1946
  • Building area:2,334 sq. ft.
  • Levels:1 Story

Utilities

  • Water:Public

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$514.14

Parking

  • Total parking spaces:4
  • Garage spaces:4
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