$1,097,317*
●
Multifamily -
Off Market
1342 Agate Avenue
Mentone, CA 92359
Studio
0 Bath
$878,000 - $1,072,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
About This Property
Price just reduced Price cap is 5.77% :The property consists of 6
rental units. Two houses and 4 apartments. The main house is a
4-bedroom, the smaller house is a 2-bedroom; one apartment is a
1-bedroom and three apartments are 2-bedrooms. Pride of ownership,
the seller recently remodeled the main home both interior and
exterior. Mentone is just on the border of Redlands, allowing for
higher rents. The Seller has not kept the rents up to current
market for tenant stability but opportunity for increase exists.
Located less than a mile from two Redlands shopping centers,
anchored by McDonalds, CVS, Stater Brothers Market, Subway, Jersey
Mikes, and Starbucks. Property is located just off State Highway 38
with routes to Big Bear, Forest Falls, Oak Glen and other popular
mountain cities. Minutes from Redlands East Valley High School in
the prestigous Redlands Unified School District and the Elementary
school is just 1 block to the EAST. The University of Redlands is
just a 5-minute drive from the property making this a GREAT
PROPERTY to purchase in order to house your students and lease out
the remainder to others. Property and contingious parcels are all
zonned MULTI-RESIDENTIAL with opportunity for Income property
development and growth.
Unit Size
-
Days on Market
-
Land Size
0.64 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1964
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 6, 2021 | No longer available | - | |
No longer available | |||
Jun 20, 2020 | In contract | - | |
In contract | |||
May 28, 2020 | Relisted | $998,900 | |
Relisted | |||
May 22, 2020 | No longer available | - | |
No longer available | |||
May 13, 2020 | No longer available | - | |
No longer available |
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Property Highlights
Air Conditioning
Garage
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/16/2018
|
|
Studio
|
-
|
-
|
$1,250,000
Studio
-
|
-
-
|
-
|
-
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