1744 Capri Avenue

Mentone, CA 92359

$820,000
Price
8
Beds
4
Baths
3,720 Sq. Ft.
$220 / Sq. Ft.
3,720
Sq. Ft.
$220
per Sq. Ft.

Description

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...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.
  1. Listed by Ken Ishiki • DRE #01438720 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate • 562-755-5010

Property Details for 1744 Capri Avenue

Parking Spaces Total
2
Private Pool
No
Cooling Type
Central Forced Air
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3720
Assessor Parcel Number
0298-022-14-0000
LISTING UPDATED: 10/17/2024 12:59 AM

Property Details for 1744 Capri Avenue

StatusActive
MLS #OC24133294
Days on Market145
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1979
Lot Size0.22 AC / 9,520 SF
CountySan Bernardino County

Building Information for 1744 Capri Avenue

Stories2Residences-Year Built1979Building Size-Lot Size0.22 AC / 9,520 SF

Property Information for 1744 Capri Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $59,336
  • Gross Scheduled Income: $59,336
  • Gross Operating Income: $59,336
  • Net Operating Income: $41,446
  • Gross Multiplier: 13.82
  • Cap Rate: 5.05
Expense Details
  • Operating Expense: $17,890
  • New Taxes Expense: $10,064
  • Gardener Expense: $3,000
  • Insurance Expense: $2,292
  • Other Expense: $1,382
  • Other Expense Description: other
  • Trash Expense: $1,152
  • Total Expenses: $17,890
Tax / Assessment Info
  • Tax Tract Number: 2112
  • Tax Census Tract: 86.01
  • CFD/Mello-Roos Fee: $1,382
  • Tax Lot: 25
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Interior Features: Ceiling Fan(s)
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Connected, Sewer Connected
  • Electric: Electricity Available, Natural Gas Connected, Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,900
  • Unit Type Total Rent: $2,900
  • Unit Type Pro Forma: 3150
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,035
  • Unit Type Total Rent: $2,035
  • Unit Type Pro Forma: 3150
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 1744 Capri Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1744 Capri Avenue

Taxable ValueLand$124,848Additions$494,190Total$619,038
Tax Record2024$7,465 ($622 / month)
Home Facts
Beds4Total Finished SqFt1,860 SqFtAbove Grade Finished SqFt1,860 SqFtStories2Lot Size9,520 SqFtStyleSingle Family ResidenceYear Built1979CountySAN BERNARDINOAPN0298-022-14-0000Fireplace TypeHas Fireplace

Schools near 1744 Capri Avenue

This home is within Redlands Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Mentone Elementary School
PublicK to 5

Clement Middle School
Public6 to 8

Redlands East Valley High School
Public9 to 12

Redlands Eacademy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1744 Capri Avenue is a multi-family home for sale in Mentone, CA 92359. This property was listed for sale on June 28, 2024 by Lyon Stahl Investment Real Estate, it's currently listed at $820,000. It has been on the market for a total of 145 days and was last sold on September 20, 2021. This listing's school district is Redlands Unified School District. Nearby schools include Mentone Elementary School, Clement Middle School and Redlands East Valley High School. 1744 Capri Avenue is a 8-bed, 4-bath, 3,720 sqft multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Ken Ishiki, DRE #01438720

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.