Opportunity to own a place with several options to it. This is a property with 2 separate homes on it. The front home is currently used as a 5 bedroom 3 bath home. In it's current configuration, it offers 2 separate 2 bed units, 1 of which has it's own bathroom. There are an additional 3 - 1 bedroom units with 2 more bathrooms. Plus living room, kitchen and laundry area. Each of the 2 room units could easily be converted back to 4 separate bedrooms making the front home a total of 7 bedrooms and 3 bath. Each of these units are rented and have a fairly consistent occupancy year round. The second home is a large 2 bedroom/1bath home with a kitchen and living room. It also has it's own laundry area. Between to two homes is a very nice pool and spa and courtyard patio. Another opportunity exist in the back half of the property. It has possibilities to rent space to RV's if properly graded. There is enough room for at least 25 rental spaces. The total property is approx. 1.75 acers. In the main home, all of the total 7 rooms has oversized egress doors opening the possibilities to making this a care facility. It appears to have been used for this at some point in the past. NOTE: This property is also being marketed in Residential MLS #IG24208801.
Location, Location, Location... Only 2.5 miles from University of Redlands and less than 2 miles from shopping centers. Great potential for students.
This is a fantastic investment opportunity. *CAN DELIVER ONE HOME VACANT* 2 Homes on a lot with separate addresses of 1744 Capri Ave. and 1377 Jasper Ave. Each unit consists of 4 bedrooms and 2 bathrooms with a front and backyard. Each home is separately metered for water, gas and electric. The landlord only pays for trash and landscaping. This duplex is 2 blocks adjacent to Redlands and has the lowest price per square foot for a duplex in either Mentone or Redlands. You can't build anything for the price per square foot anymore. Each home has enough parking garages or car spaces for 3 to 4 cars each. One unit if fully renovated leaving potential to renovate the other and to achieve over $6,300 per month in gross rental income.
This unique property at 1840 Mentone Blvd in Mentone, CA 92359 presents an exceptional investment opportunity, featuring a well-established liquor store alongside a charming 2-bedroom, 1-bathroom single-family residence on one lot. The liquor store benefits from high visibility and foot traffic, ensuring a steady revenue stream, while the residence offers comfortable living space perfect for owner-occupancy or rental income. With separate entrances for the commercial and residential units, ample parking, and proximity to local amenities and public transportation, this property provides versatility and income potential. Its strategic location in the Inland Empire enhances its appeal, making it a compelling investment opportunity in the growing Mentone real estate market.
The median home value in Mentone, CA is $470,200. This is lower than the county median home value of $522,500. The national median home value is $338,100. The average price of homes sold in Mentone, CA is $470,200. Approximately 61.44% of Mentone homes are owned, compared to 35.49% rented, while 3.07% are vacant. Mentone real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Mentone real estate agent to arrange a tour today!
Mentone, California 92359 has a population of 9,708. Mentone 92359 is more family-centric than the surrounding county with 43.84% of the households containing married families with children. The county average for households married with children is 33.94%.
The median household income in Mentone, California 92359 is $65,949. The median household income for the surrounding county is $70,287 compared to the national median of $69,021. The median age of people living in Mentone 92359 is 35.3 years.
The average high temperature in July is 96.9 degrees, with an average low temperature in January of 38.9 degrees. The average rainfall is approximately 12.6 inches per year, with 0 inches of snow per year.