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1840 Mentone Blvd
Mentone, CA 92359
Retail Property For Sale
Investment Highlights
- Approximately, $400,000 invested in comprehensive property enhancements including new roofs, all units renovated & installation of new septic tanks.
- Approximately 3 years remaining on lease with 5% rent escalations annually; tenant is responsible for utilities.
- Located 4 minutes from Redlands Municipal Airport(1.5 Miles).
- Located close proximity to the University of Redlands, a prestigious private liberal arts university located in neighboring Redlands, CA.
- Prime location on Mentone Blvd (Hwy 38)
- ProForma CAP Rate of 5.84%, with a ProForma GRM of 12.50. Current CAP Rate of 5.19%
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,267 SF
Building Class
C
Year Built
1952
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.22 AC
Zoning
CG-SCP
Parking
5 Spaces (2.21 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Fenced Lot
- Signage
Property Taxes
| Parcel Number | 0298-101-37 | Improvements Assessment | $173,890 |
| Land Assessment | $131,237 | Total Assessment | $305,127 |
Property Taxes
Parcel Number
0298-101-37
Land Assessment
$131,237
Improvements Assessment
$173,890
Total Assessment
$305,127
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