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1840 Mentone Boulevard

Mentone, CA 92359
  • $815,000
  • STATUS: Active
  • ON SITE: 154 Days
  • ID#: IV24110103
UPDATED: 61 min ago
$815,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Listing Agent(s): Darren Correa of LE INVESTMENT GROUP (909-256-7889)


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 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-01T17:38:26.547. 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 deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/151141204
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1840 Mentone Boulevard Mentone, CA 92359

  • Price: $815,000
  • Status: Active
  • On Site: 154 Days
  • Updated: 61 min ago
  • ID#: IV24110103
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1952
Built
Neighborhood:
284 - Mentone
County:
San Bernardino
Area:
284 - Mentone
Property 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 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.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 2 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Cap Rate 5.46 Common Interest None Community Features FoothillsHiking Electric Expense 272.25 Fuel Expense 272 Garage YN No Gross Income 61680 Gross Scheduled Income 61680 Insurance Expense 1800 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Net Operating Income 44102 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 16438 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Septic Tank Special Listing Conditions Standard Trash Expense 272.25 Vacancy Allowance 1140 Water Sewer Expense 272.25 Water Source Public Zoning CG-SCP



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-01T17:38:26.547. 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 deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
 
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CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Darren Correa of LE INVESTMENT GROUP (909-256-7889)