$385,000
●
House -
Off Market
1113 Olivine
Mentone, CA 92359
3 Beds
1 Bath
1,050 Ft²
$1,704
Est. Monthly
About This Property
Investor opportunity in Mentone. This 3 bed, 1 bath fixer on
Olivine Ave has a great single story layout, and a sizable yard
with alley access - perfect for RV parking or a future ADU! Access
this no HOA home directly via the attached two car garage, or into
the living room with vaulted ceilings. Their is a sliding
glass door that leads into a bonus room off the kitchen. The
rear bedroom also has a private door into the bathroom. This
home is in the excellent Redlands School District, and is one lime
from Starbucks, Stater Bros, and Cucas Mexican Food. It's a quick
shot down Highway 38 to Citrus Plaza, Mountain Grove, and the 210
freeway. This hime is being sold as-is. Roof and HVAC appear
to be newer, buyer to verify.
Unit Size
1,050 Ft²
Days on Market
58 days
Land Size
0.19 acres
Price per sqft
$330
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1984
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (CRMLS #IG26087097)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 2, 2026 | Sold | ||
| Sold | |||
| May 16, 2026 | In contract | - | |
| In contract | |||
| Apr 9, 2026 | Listed by Shaw Real Estate Brokers | $347,000 | |
| Listed by Shaw Real Estate Brokers | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Mentone
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Listed by: JOSEPH SHAW, Shaw Real Estate Brokers
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IG26087097
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IG26087097
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