$649,900 $50K PRICE INCREASE
- Land
- 0.59 Acre
- $1,101,525 per Acre
- 0 E Mill St
- Unit IV25278082
- San Bernardino, CA
Estimated payment $7,251/month
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 Agent
ALL NATIONS REALTY & INVS Brokerage Phone: 909-908-9474 License #01354211 Listed on: 06/26/2026
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $4,222 | $332,928 | $104,040 | $228,888 |
| 2025 | $4,222 | $326,400 | $102,000 | $224,400 |
| 2024 | $3,947 | $320,000 | $100,000 | $220,000 |
| 2023 | $662 | $40,064 | $5,186 | $34,878 |
| 2022 | $4,145 | $329,782 | $97,904 | $231,878 |
| 2021 | $717 | $43,572 | $4,950 | $38,622 |
| 2020 | $704 | $43,125 | $4,899 | $38,226 |
| 2019 | $1,279 | $42,279 | $4,803 | $37,476 |
| 2018 | $519 | $41,450 | $4,709 | $36,741 |
| 2017 | $515 | $40,638 | $4,617 | $36,021 |
| 2016 | $421 | $39,841 | $4,526 | $35,315 |
| 2015 | $417 | $39,243 | $4,458 | $34,785 |
| 2014 | $403 | $38,475 | $4,371 | $34,104 |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/15/2026 07/15/26 | Price Changed | $1,300,000 | -7.1% | $557 / Sq Ft |
| 06/26/2026 06/26/26 | For Sale | $1,400,000 | -- | $600 / Sq Ft |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $650,000 | Orange Coast Title |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $282,500 | New Conventional | |
| Closed | $200,000 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $25,000 | Credit Line Revolving |
In business since 2001, you can expect great results in buying and selling with "Jerry."
It's his goal to give YOU the individual time and attention that you deserve. You've worked hard to be in the position to buy or sell real estate property so you deserve to have all of your questions answered quickly and thoroughly.
Jerry always has the time to help you - day or night, rain or shine - he will find you the home of your dreams.
Whether you are looking to Buy or Sell,
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV26139697
APN: 0298-181-20
Ask me questions while you tour the home.