NOT LISTED FOR SALE

1826 Mentone Blvd Mentone, CA 92359

North Redlands Neighborhood

Estimated Value: $487,000 - $1,197,000

4 Beds
4 Baths
2,500 Sq Ft
$313/Sq Ft Est. Value

Last Sold February 24, 2020

Last sale price $675,000 $270 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,543/month

308 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Redlands East Valley High School Rated A-
  • Laundry Room
  • 1-Story Property

About This Home

As of February 2020

PRICE REDUCTION! SELLER'S ARE MOTIVATED! MENTONE PORTFOLIO OF 3 PROPERTIES! FIRST TIME ON MARKET SINCE THE EARLY 1900'S AND PASSED THROUGH THREE GENERATIONS. SALE CONSISTS OF 3 CONTIGUOUS PARCELS ALONG HIGHWAY 38 (MENTONE BLVD) BETWEEN OPAL AND TURQUOISE. BE READY TO OWN HALF OF THE ENTIRE BLOCK. PROPERTIES PRESENTED ARE 1 RETAIL STORE, 2 SINGLE-FAMILY-RESIDENCES, AND 1 FOUR-PLEX. ALL THE UNITS ARE LEASED AS WELL AS THE RETAIL STORE. LOW RENTS CURRENTLY FOR TENANT STABILITY BUT THERE IS OPPORTUNITY FOR INCREASE. BRAND NEW SHOPPING CENTER ANCHORED BY CVS, STATER BROS, AND STARBUCKS LOCATED HALF-MILE AWAY. HIGHWAY 38 ROUTES TO BIG BEAR AND OTHER MOUNTAIN CITIES. MUST SELL WITH 1830 & 1840 MENTONE BLVD. PRICE IS FOR ALL 3 PARCELS.

Last Agent to Sell the Property

T.C. Obichang

eXp Realty of California Inc. License #01870646 Listed on: 03/14/2019

eXp Realty of California Inc.

Last Buyer's Agent

T.C. Obichang

eXp Realty of California Inc. License #01870646 Listed on: 03/14/2019

eXp Realty of California Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,183

Year Built

  • Built in 1925

Lot Details

  • 7,330 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 2,500 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 8
  • Assessor Parcel Number 0298101380000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Insurance Expense $3,500
  • Trash Expense $3,180
  • Water Sewer Expense $1,800
  • Operating Expense $12,070
  • Gross Income $64,800
  • Net Operating Income $52,730

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,183

Year Built

Built in 1925

Lot Details

0

Listing Details

  • CapRate: 5.00
  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: CG-SCP
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0298101380000
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Price Per Square Foot: 270.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Unknown
  • Trash Expense: 3180.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7330.00
  • Lot Size Acres: 0.1683

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 64800.00
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 7330.0000 Square Feet
  • Net Operating Income: 52730.00
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 12070.00
  • Rent Control: No
  • Total Actual Rent: 1200.00
  • Total Expenses: 12070.00

Tax Info

  • Tax Census Tract: 86.01
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2022
Sold by
Elkhatib Ibrahim O and Elkhatib Kimberly A
Bought by
Interstate Realty Holdings Llc
Current Estimated Value
$766,000

Purchase Details

Closed on
Mar 26, 2021
Sold by
Elkhatib Ibrahim O and Elkhatib Kimberly A
Bought by
Interstate Realty Holdings Llc

Purchase Details

Closed on
Dec 2, 2020
Sold by
Interstate Realty Holdings Llc
Bought by
Elkhatib Ibrahim O and Elkhatib Kimberly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 14, 2019
Closed on
Feb 13, 2020
Sold by
Lehmann Paige
Bought by
Lehmann Theodore Kelse
Seller's Agent
T.C. Obichang
eXp Realty of California Inc.
Buyer's Agent
T.C. Obichang
eXp Realty of California Inc.
List Price
$998,000
Sold Price
$675,000
Premium/Discount to List
-$323,000
-32.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.71%
Original Mortgage
$300,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 14, 2019
Closed on
Feb 6, 2020
Sold by
Lehmann Robert K and Lehmann Barbara E
Bought by
Interstate Realty Holdings Llc
Seller's Agent
T.C. Obichang
eXp Realty of California Inc.
Buyer's Agent
T.C. Obichang
eXp Realty of California Inc.
List Price
$998,000
Sold Price
$675,000
Premium/Discount to List
-$323,000
-32.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 29, 2015
Sold by
Lehmann Robert K
Bought by
Lehmann Family Revocable Living Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Interstate Realty Holdings Llc -- Unisource
Elkhatib Ibrahim O -- Unisource
Interstate Realty Holdings Llc -- None Listed On Document
Elkhatib Ibrahim O -- Pacific Coast Title
Elkhatib Ibrahim O -- Pacific Coast Title Company
Lehmann Theodore Kelse -- First American Title Company
Interstate Realty Holdings Llc $675,000 First American Title Company
Lehmann Family Revocable Living Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elkhatib Ibrahim O $420,000
Previous Owner Interstate Realty Holdings Llc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2020 02/24/20 Sold $675,000 -28.8% $270 / Sq Ft
01/16/2020 01/16/20 Pending -- -- --
05/29/2019 05/29/19 Price Changed $948,000 -5.0% $379 / Sq Ft
03/14/2019 03/14/19 For Sale $998,000 -- $399 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $4,183 $345,592 $103,896 $241,696
2024 $4,183 $338,816 $101,859 $236,957
2023 $4,173 $332,173 $99,862 $232,311
2022 $4,110 $325,660 $97,904 $227,756
2021 $4,178 $319,274 $95,984 $223,290
2020 $626 $35,635 $13,419 $22,216
2019 $614 $34,936 $13,156 $21,780
2018 $446 $34,251 $12,898 $21,353
2017 $442 $33,579 $12,645 $20,934
2016 $437 $32,921 $12,397 $20,524
2015 $434 $32,427 $12,211 $20,216
2014 -- $31,792 $11,972 $19,820
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    T.C. Obichang

    eXp Realty of California Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV19057510

California Regional Multiple Listing Service (CRMLS)

APN: 0298-101-38

California San Bernardino County Mentone 92359 North Redlands

1826 Mentone Blvd, Mentone, CA

This home is located at 1826 Mentone Blvd, Mentone, CA 92359 since 14 March 2019 and is currently estimated at $781,333, approximately $312 per square foot. This property was built in 1925. 1826 Mentone Blvd is a home located in San Bernardino County with nearby schools including Mentone Elementary School, Clement Middle School, and Redlands East Valley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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