5 Beds
3 Baths
1,156 SqFt
5 Beds
3 Baths
1,156 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,156 sqft
Price per Sqft $1,211
MLS Listing ID IV26139697
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1946
Lot Size 1.264 Acres
Property Sub-Type Single Family Residence
Property Description
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.
Location
State CA
County San Bernardino
Area 284 - Mentone
Rooms
Main Level Bedrooms 5
Interior
Interior Features All Bedrooms Down
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Suburban
View Y/N No
View None
Total Parking Spaces 4
Private Pool No
Building
Lot Description Value In Land
Dwelling Type House
Story 1
Entry Level One
Sewer Septic Type Unknown
Water Public
Level or Stories One
New Construction No
Schools
School District Redlands Unified
Others
Senior Community No
Tax ID 0298181200000
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION
Team Leader, Broker Associate | License ID: 01863252
25101 The Old Road Suite 240, Ranch, Ca, 91381, United States