1253 Agate, Mentone, CA 92359
1253 Agate, Mentone, CA 92359
1253 Agate, Mentone, CA 92359
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by JERRY AVILA, DRE #01354211 • ALL NATIONS REALTY & INVS
$1,300,000
Est. payment /mo
5 Beds
3 Baths
2,334 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,334 sqft

Price per Sqft $556

MLS Listing ID CRIV26139697

Bedrooms 5

Full Baths 3

Year Built 1946

Lot Size 1.264 Acres

Property Sub-Type Single Family Home

Source California Regional MLS

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 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. Sel

Location

State CA

County San Bernardino

Area 284 - Mentone

Interior

Heating Central Forced Air

Cooling Central AC

Fireplaces Type None

Laundry Other

Exterior

Garage Spaces 4.0

Pool None

View None

Building

Story One Story

Water District - Public

Others

Tax ID 0298181200000

Special Listing Condition Not Applicable

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Sharad Gupta
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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1253 Agate

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