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Listed by: JERRY AVILA (909) 908-9474 DRE #01354211 | ALL NATIONS REALTY & INVS (909) 391-1511
$1,300,000
5 Beds
- 3 Baths
3 full baths
2,334sqft
1253 Agate, Mentone, CA 92359
$1,300,000
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Single Family Residence
Built in 1946
$-- HOA
1.26 acres lot
$557/sq.ft
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...
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
1
County
City
Neighborhood
--
Year Built
1946
HOA Fees
-
Finished Area
2,334 sqft
Lot Size
1.26 acres lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
IV26139697
MLS Status
Active
Days on Market
39
Cumulative Days on Market
20
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