1840 Mentone Boulevard

Mentone, CA 92359

$815,000
Price
2
Beds
1
Bath
2,267 Sq. Ft.
$360 / Sq. Ft.
2,267
Sq. Ft.
$360
per Sq. Ft.

Description

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...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.
  1. Listed by DARREN CORREA • DRE #02066621 • Brokerage DRE #01923766 • LE INVESTMENT GROUP • 714-310-2840

Property Details for 1840 Mentone Boulevard

Parking Spaces Total
0
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2267
Assessor Parcel Number
0298-101-37-0000
Property Attached YN
false
LISTING UPDATED: 09/30/2024 05:00 AM

Property Details for 1840 Mentone Boulevard

StatusActive
MLS #IV24110103
Days on Market206
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1952
Lot Size0.22 AC / 9,490 SF
CountySan Bernardino County

Building Information for 1840 Mentone Boulevard

Stories1Residences-Year Built1952Building Size-Lot Size0.22 AC / 9,490 SF

Property Information for 1840 Mentone Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $61,680
  • Gross Scheduled Income: $61,680
  • Vacancy Allowance: 1140
  • Gross Operating Income: $60,540
  • Net Operating Income: $44,102
  • Gross Multiplier: 13.21
  • Cap Rate: 5.46
Expense Details
  • Operating Expense: $16,438
  • Fuel Expense: $272
  • Electric Expense: $272
  • Insurance Expense: $1,800
  • Trash Expense: $272
  • Water Sewer Expense: $272
  • Total Expenses: $16,438
Tax / Assessment Info
  • Tax Block: 35
  • Tax Tract Number: 39
  • Tax Census Tract: 86.01
  • Tax Lot: 12
Community / Development
Community / Development
  • Community Features: Foothills, Hiking
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Conventional Septic
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,375
  • Unit Type Total Rent: $2,375
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,765
  • Unit Type Total Rent: $2,765
  • Unit Type Pro Forma: 3158
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 1840 Mentone Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1840 Mentone Boulevard

Taxable ValueLand$128,664Additions$170,480Total$299,144
Tax Record2024$3,701 ($308 / month)
Home Facts
Total Finished SqFt560 SqFtAbove Grade Finished SqFt560 SqFtStories1Lot Size9,490 SqFtStyleStoresYear Built1952CountySAN BERNARDINOAPN0298-101-37-0000

Schools near 1840 Mentone Boulevard

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.

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1840 Mentone Boulevard is a mixed use property for sale in Mentone, CA 92359. This property was listed for sale on May 30, 2024 by LE INVESTMENT GROUP, it's currently listed at $815,000. It has been on the market for a total of 206 days and was last sold on February 24, 2020. 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. 1840 Mentone Boulevard is a 2-bed, 1-bath, 2,267 sqft mixed use property built in 1952.

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 LE INVESTMENT GROUP, DARREN CORREA, DRE #02066621

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.