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  • 1253 Agate

1253 Agate, Mentone, CA 92359

$1,300,000 Approx. USD 5 beds, 3 baths
2,334 sqft

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Photo of Aaron Khosh

Aaron Khosh REALTOR® - Sales Associate 949-554-4155 m
949-554-4155 o
Lic#: 02020525
NRDS ID: 185060749
aaronkhosh@gmail.com Text Me
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Lic#: 02020525
NRDS ID: 185060749
aaronkhosh@gmail.com Newport Beach Office
23 Corporate Plaza, Suite 100
Newport Beach, CA 92660
Phone: 949-644-6200
Fax: 949-640-7429
 Newport Beach 23 Corporate Plaza, Suite 100
Newport Beach, CA 92660
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Listing Agent


JERRY AVILA | jerryavila@allnationsontario.com
Lic#: 01354211
Broker: Courtesy of ALL NATIONS REALTY & INVS
Phone: 909-908-9474

Agent Remarks

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.

Listing Details

Property type: Single Family Residence (Single Family)
Status: Active
MLS# IV26139697
List price is $1,300,000 Reduced by $100,000 on 7/15/2026
Price: $1,300,000
HOA Fee is $0.00
Beds: 5
Baths: 3 (3 full)
None fireplaces
Built in 1946
2,334 sqft
1 story
1.26 acres
Lot size: 1.2636
County: San Bernardino
Interior features: All Bedrooms Down
Lot description: Value In Land
Heating/cooling: Central Air
Heating description: Central
MLS area: 284 - Mentone

Last Updated: 7/17/2026

 Days On Market (DOM): 50

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This listing belongs to the 284 - Mentone MLS area

Lat/Long: 34.067670, -117.126506.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Aaron Khosh

Aaron Khosh REALTOR® - Sales Associate 949-554-4155 m
949-554-4155 o
Lic#: 02020525
NRDS ID: 185060749
aaronkhosh@gmail.com Text Me
Call My Cell
Call My Office
Lic#: 02020525
NRDS ID: 185060749
aaronkhosh@gmail.com
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