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$895,000   Price Analysis
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1840 Mentone Blvd
Mentone, CA 92359
2 bed 1 bath 2,267 SqFt ($394/SqFt)
9,490SqFt lot. Built 1952
Listed 2024-05-31, Taxes $3,635
Ⓧ USDA Ineligible
due to price & location

near Mentone

This unique property at 1840 Mentone Blvd in Mentone

CA 92359 presents an exceptional investment opportunity, featurng 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.


Presented by Darren Correa at
Le Investment Group.


Property MLS #IV24110103 from CRMLS

Bedrooms: 2

Full Bathrooms: 1

Lot Description: 0-1 Unit/Acre
Lot Size Acres: 0.2178604
Lot Size Source: Assessor
Lot Size Square Feet: 9490

Number of Units: 2
Bedrooms in Unit-1: 2
Total Bathrooms in Unit-1: 1

Rent Control: Yes

Community Features: Foothills, Hiking

Source Listing Status: Active
County: San Bernardino
Source Property Type: Residential Income
Insurance Expense: 1800.00
Area: 284 - Mentone
Source Neighborhood: 284 - Mentone
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 1
Parcel Number: 0298101370000
Postal Code Plus 4: 1216
Trash Expense: 272.25
Zoning: CG-SCP
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$163,860 + $123,668
$287,528
$3,635
2021$160,647 + $121,243
$281,890
$3,694
2020$30,738 + $17,918
$48,656
$772
2019$30,135 + $17,567
$47,702
$755
2018$29,544 + $17,223
$46,767
$583
2017$28,965 + $16,885
$45,850
$578
2016$28,397 + $16,554
$44,951
$572
2015$27,970 + $16,305
$44,275
$567
2014$27,422 + $15,986
$43,408
$557
2013$27,298 + $15,914
$43,212
$557
2012$26,763 + $15,602
$42,365
$549
2011$26,238 + $15,296
$41,534
$533
2010$26,042 + $15,182
$41,224
$535
2009$26,104 + $15,218
$41,322
$525
2008$25,592 + $14,920
$40,512
$519
2007$25,090 + $14,627
$39,717
$490

Listed 2024-05-31
$895,000
CRMLS
Listing removed 2022-08-05
$0
CRMLS
Price Changed 2022-07-28
$2,475,000
CRMLS
Listed 2022-07-20
$2,700,000
CRMLS
Listing removed 2021-08-03
$0
CRMLS
Listed 2021-05-21
$1,100,000
CRMLS
Listing removed 2021-04-03
$0
CRMLS
Relisted 2021-01-26
$549,000
CRMLS
Listing removed 2021-01-15
$0
CRMLS
Listed 2020-09-23
$549,000
CRMLS
Sold 2020-02-24
$675,000
Public Record

Net Operating Income: 43527.00

Total Square Feet Living: 2267
Year Built: 1952
Building Features: 2
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 72
Building Total Stories: 1
Structure Type: Commercial/Residential
Year Built Source: Public Records

Electric Expense: 272.25
Sewer: Sewer: Conventional Septic, Water Sewer Expense: 272.25
Water Source: Public

Redlands East Valley High School is a public high school located approximately 0.6 miles away.
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Mentone Elementary School is a public elementary school located approximately 0.7 miles away.
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Clement Middle School is a public middle school located approximately 2.6 miles away.
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Mentone Adventist Team School is a private elementary and middle school located approximately 0.2 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.