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Versatile Multi-Structure Commercial Property

2048 Mentone Blvd Mentone, CA 92359

2048 Mentone Blvd, Mentone, CA, 92359

$1,499,990

For Sale

$1,499,990

High-visibility location with multiple buildings and redevelopment potential.

Property Size3,186 SF

Lot Size0.81 Acres

Price / SF$470.81

AddedMar 11

Days on Market127

Last RefreshJul 2 at 9:29 am

Property Features for 2048 Mentone Blvd

General Information

Standard status: Active
Size: 3,186 SF
Lot size: 0.81 Acres
Property subtype: Commercial

Building Details

Year Built: 1927

Listing office RE/MAX Time

Listing date Mar 11, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Time

Investment Insights

Based on property information with market context.

This multi-structure commercial property is situated on a 0.81-acre lot with high visibility along Highway 38. The site features a Victorian house/office with approximately 3,186 square feet, built in 1860 by William B. McIntosh, the founder of Mentone. The structure has been restored and renovated, preserving the original design, with recently replaced and upgraded electrical systems. The roof is approximately 10 years old and in good condition. Additional structures include a guest house and studio/creative room totaling approximately 1,416 square feet, and a two-story warehouse/workshop of approximately 3,000 square feet. The warehouse roof is newer, about a couple years old. Ample paved parking is available, along with several covered RV parking spots. Located next to a new Dollar General and within the Highway 38 Commercial Corridor, the location benefits from high daily traffic exposure of approximately 17,000 cars per day and convenient access. The property is suitable for various businesses, including retail/showroom, auto sales and services, hospitality, restaurant/café, professional/medical offices, personal services, education, trades/light commercial, contractor office with dry storage, and e-commerce/micro-fulfillment. The high traffic exposure and square-shaped lot also present a redevelopment opportunity.

Key Highlights

High‑visibility 0.81‑acre lot on Hwy 38 with approximately 17,000 cars per day.
Versatile multi‑structure commercial property including a ±3,186 SF Victorian house/office, ±1,416 SF guest house/studio, and ±3,000 SF warehouse/workshop.
Prime redevelopment opportunity.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$68.8k	$21.60
− Vacancy	−$3.6k	−$1.12
EGI	$65.2k	$20.48
− OpEx	−$19.6k	−$6.14
NOI	$45.7k	$14.33

3,186 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$652.4K

$570.8K – $761.1K (±1% cap)

NOI $45,667 @ 7.0% cap · market cap 3.04%

Second Best

Office B

$535.7K

$468.8K – $625.0K (±1% cap)

NOI $37,500 @ 7.0% cap · market cap 2.50%

Theoretical Best

Office A

$672.0K

$588.0K – $784.1K (±1% cap)

NOI $47,043 @ 7.0% cap · market cap 3.14%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

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For sale
Mixed-use properties
CA
Mentone
92359
2048 Mentone Blvd

What type of property is this?

Mixed-use property - High-visibility location with multiple buildings and redevelopment potential.

Where is this mixed-use property located?

The property is located at 2048 Mentone Blvd Mentone, CA.

What is the asking price?

The asking price for this property is $1,499,990.

What are key features of this property?

This property features: High‑visibility 0.81‑acre lot on Hwy 38 with approximately 17,000 cars per day.; Versatile multi‑structure commercial property including a ±3,186 SF Victorian house/office, ±1,416 SF guest house/studio, and ±3,000 SF warehouse/workshop.; Prime redevelopment opportunity.