1253 Agate, Mentone, CA 92359

• 5 beds |
• 3 baths |
• 2,334 sqft

Property 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 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: $221,400/yr. NOI: $147,231/yr. Cap rate: 5.04%. Zoning: RS | San Bernardino County (unincorporated). 132 ft 417 ft total. 112 ft 417 ft buildable. May qualify as like-kind replacement property for a 1031 Exchange. 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.

Listing Status:

Active

Date Added:

June 26, 2026

Data Last Updated:

July 5, 2026 at 5:13PM

Listing Office:

ALL NATIONS REALTY & INVS : 909-391-1511

Listing Agent:

JERRY AVILA : 909-908-9474

MLS ID:

IV26139697

Interior

• A/C: Central Forced Air
• Heating: Forced Air Unit
• Fireplace: N/K

Exterior

• Pool: N/K
• Parking: Parking spaces: 4

Construction

• General: 1

Location

• HOA Amenities: 0.0
• Originating MLS: California Regional MLS
• County: San Bernardino

Lot

• Zoning: 0298181200000
• View: N/K

Utilities

• Water: Public
• Sewer: Unknown

Financial

• Source: California Regional MLS