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1253 Agate , Mentone, CA 92359
$1,300,000
Est. Payment: $6,541.39/mo
5 Bed
3 Bath
2334 Sqft
Status: active | Days on site: 40
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Chris Heller
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House 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. Seller makes no representations regarding tax treatment. 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.
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Highlights

Listed by JERRY AVILA , 909-908-9474 ALL NATIONS REALTY & INVS , 909-391-1511. San Diego County Multiple Listing Service mls logo

Property Type

Residential
Lot/Acreage
1.26

Year Built

1946

County

San Bernardino

Listing ID

IV26139697

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Air Cond:Central Forced Air
Fireplaces:N/K
Other:Public

Exterior Features

Garage Capacity:4
Sewer:Unknown
Principal Interest
$6,541
Taxes
$829

Home Price

$1,300,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$260,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,541.39

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,541.39 $828.75 $0.00 $7,370.14
Yearly $78,496.73 $9,945.00 $0.00 $88,441.73
Total $2,354,902.01 $298,350.00 $0.00 $2,653,252.01

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Mentone, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-08-08T08:21:38.000Z

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