1253 Agate, Mentone, California 92359, Mentone, 92359 - 5 bed, 3 bath
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Mentone, California 92359
Analysis of 1253 Agate, Mentone, California 92359 is currently available with a list price of $1,300,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Mentone Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
While originally built in 1946, the listing specifies two fully remodeled single-family residences that are currently leased and income-producing. The recent renovations to the kitchens, bathrooms, and systems (likely within the last 5 years) qualify the structures for an excellent rating despite the age of the site.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 55044, living area = 2334.
The property features two fully remodeled, income-producing residences currently leased for a combined $5,050 per month, providing immediate cash flow during the entitlement process.
Spanning 1.26 acres, the site offers a rare opportunity to subdivide into 4 to 6 parcels, potentially supporting up to 8 units including ADUs in a supply-constrained market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =55044, other record lot size in square feet = 21320. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2334, other record living area = 1156. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The property is sold as-is with only conceptual plans, placing the burden of verifying zoning, land use standards, and development feasibility entirely on the buyer.
Originally built in 1946, the site may require extensive utility modernization and infrastructure investment to support the proposed multi-unit development.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,334 | 1,148 |
| Lot Size | 55,044 | 6,035 |
| Price | $1.30M | $563.8K |
| Price per sq ft | $557 | $353 |
| Built year | 1946 | 1985 |
| HOA | $0 | $88 |
| Days on market | 26 | 52 |
Jul 16, 2026
$1,300,000
$1,400,000
-7% Price Drop
Initial Listing
Jun 26, 2026
$1,400,000
Initial Listing
Aug 25, 2023
$650,000
Public Record