1826 N Mentone Boulevard

    Mentone, CA 92359
    • $948,000
    • STATUS: Active
    • ON SITE: 189 days
    • ID#: EV19057510
    UPDATED: 30 min ago
    $948,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,500
      SQFT
    • $379
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T18:52:11.297. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/92708482

    1826 N Mentone Boulevard Mentone, CA 92359

    • Price: $948,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: EV19057510
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,500
    SQFT
    $379
    $/SQFT
    1925
    Built
    Neighborhood:
    284 - Mentone
    County:
    San Bernardino
    Area:
    284 - Mentone
    Property Description
    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.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Unassigned Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Heating Central Heating YN Yes Laundry Features See Remarks

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.00 Community Features SidewalksStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 64800.00 Gross Scheduled Income 64800.00 Insurance Expense 3500.00 Land Lease YN No Laundry YN Yes Net Operating Income 52730.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 4 Operating Expense 12070.00 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 1200.00 Total Expenses 12070.00 Trash Expense 3180.00 Water Sewer Expense 1800.00 Water Source Public Year Built Source Estimated Zoning Cg-Scp

    Listing provided courtesy of Charles Obichang of Keller Williams Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T18:52:11.297. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
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