1253 Agate Ave | Image 1
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$1,300,000

For Sale

2 months ago

1253 Agate Ave, Mentone, CA

House

MLS® IV26139697

5 Bed

3 Bath

2334 sqft

4 Parking

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 2334 sqft
Garage Yes
Taxes 
Days Active 62
Lot Size 1.2636 Acres
Approx. Age 1946
Avg. Price Per Sqft $556
MLS® Number IV26139697

Property Address: 1253 Agate Ave, Mentone, CA, 92359-1385

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberIV26139697
Laundry LevelEnsuite
Central VacNo
FireplaceYes
Acreage
Exterior
GarageYes
Approx. Age1946
Basement
Driveway
Garage Spaces
HeatCentral
A/CCentral Air

Extras

Rooms

Bedroom 1:Not available

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 26, 2026List Date
$1,300,000List Price

Home Appraisal

This property is estimated to sell between: $603,000 and $1,649,000.
Similar properties in this area sold on average for: $603,333
Expect to pay under asking. 67% of similar properties sold for less than the asking price.
Expected to sell very soon! Similar properties sold in 15 days. This home has been on eXp Realty for 62 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
1253 Agate Ave, Mentone, CA

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