1342 Agate Avenue
Mentone, CA 92359

  • – beds
  • – baths
  • – sqft
  • ~3/4 acre lot
  • 1963 build
  • on site

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Price just reduced Price cap is 5.77% :The property consists of 6 rental units. Two houses and 4 apartments. All Rental Units are professionally managed and maintained, with all tenants being current. 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.

California Regional MLS logo Listed By CRMLS_CA / KENNETH PATTERSON / KELLER WILLIAMS REALTY

Last checked: Checking… • Last updated May 2, 2024 •

MLS# EV18087966 —

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Sale history

Date Event Source Price % Change
8/19/20
Sold CRMLS_CA $900,000 -7.7%
7/30/20
Pending CRMLS_CA $975,000
6/19/20
Sold Subject To Contingencies CRMLS_CA $975,000

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Multifamily Sold on 8/19/2020

$900,000

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Listing provided by broker:

KENNETH PATTERSON

KELLER WILLIAMS REALTY

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California Regional MLS logo Listing Courtesy of: CRMLS_CA and KELLER WILLIAMS REALTY. Based on information from California Regional Multiple Listing Service, Inc. as of 23:57 on May 06.

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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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