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.
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.
Property Details
Price:
$1,400,000
MLS #:
IV26139697
Status:
Active
Beds:
5
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
284mentone
Listed Date:
Jun 26, 2026
Finished Sq Ft:
2,334
Lot Size:
55,044 sqft / 1.26 acres (approx)
Year Built:
1946
See this Listing
Schools
School District:
Redlands Unified
Interior
Bathrooms
3 Full Bathrooms
Cooling
CA
Heating
CF
Laundry Features
IN
Levels
A
Main Level Bathrooms
3
Main Level Bedrooms
5
Exterior
Common Walls
NCW
Community Features
SUB
Garage Spaces
4
Parking Spots
4
Parking Total
4
View
NO
Financial
Map
Community
- Address1253 Agate Mentone CA
- CityMentone
- CountySan Bernardino
- Zip Code92359
Market Summary
Current real estate data for Single Family in Mentone as of Jul 02, 2026
27
Single Family Listed
93
Avg DOM
301
Avg $ / SqFt
$577,624
Avg List Price
Property Summary
- 1253 Agate Mentone CA is a Single Family for sale in Mentone, CA, 92359. It is listed for $1,400,000 and features 5 beds, 3 baths, and has approximately 2,334 square feet of living space, and was originally constructed in 1946. The current price per square foot is $600. The average price per square foot for Single Family listings in Mentone is $301. The average listing price for Single Family in Mentone is $577,624.
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Courtesy of ALL NATIONS REALTY & INVS. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.1253 Agate
Mentone, CA