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1253 Agate
Single Family Residence 
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1253 Agate 
$1,300,000
Offered at
Mentone, CA 92359
San Bernardino County
5
Beds
3
Baths
2,334
Sq Ft
55,042
Lot Sq Ft
1946
Year Built
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…
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.
Facts & Features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Cooling
- Cooling: Central Air
Appliances
- Laundry: Inside
Features
- Has fireplace: No
Interior area
- Total interior livable area: 2,334 sqft
Property
Parking
- Total spaces: 4
- Garage spaces: 4
Features
- Stories: 1
- Has private pool: No
- Has view: No
Lot
- Size: 1.26 Acres
- Features: Value In Land
Details
- Parcel number: 0298181200000
Construction
Type & style
- Home type: Residential
- Property subtype: Single Family Residence
Condition
- Year built: 1946
Location
Mike Zwarg
Broker / Owner
951-528-0626
mike@mzhomes.us
mike@mzhomes.us
Listing Office: ALL NATIONS REALTY & INVS · Listing Agent: JERRY AVILA · 909-908-9474 · CRMLS
The property listing information on this website comes in part from the California Regional Multiple Listing Service (CRMLS) via Internet Data Exchange (IDX). Information is deemed reliable but is not guaranteed accurate by the MLS, and all properties are subject to prior sale, change, or withdrawal. This data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than identifying properties consumers may be interested in purchasing. Buyers should independently verify all information, including square footage, lot size, schools, and property condition.
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1253 Agate, Mentone, CA 92359
951-528-0626
mike@mzhomes.us
mzhomes.us
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