1358 Jasper Avenue
Mentone, CA 92359
For Sale
18,570 sqft
Sale Price
$4,700,000
Brochure
Property Website
Map
Multifamily For Sale - Available December 2025
21 Units Mentone Portfolio | 11 + 10 Unit Near University of Redlands | All Single Story on 2.30 Acres Lot
Prime Mentone Location Adjacent to Redlands
Well-Maintained 21-Unit Unit Portfolio on Two Contiguous Parcels
Priced to Sell: An Excellent Long-Term Investment with Upside
Ability to Purchase Properties Together or Individually
Excellent Unit Mix of All Two-Bedroom Units and One Three-Bedroom House
Capture a 29% Blended Rental Upside Across the Portfolio, Leveraging the 35% Growth Potential of the 11-Unit Property and the 22% Growth Potential of the 10-Unit Property for Immediate Annual Income Appreciation
Additional Vacant Land at Rear of Property for Potential Development in the Future
Unit Amenities Include Individual Washer/Dryer Hookups (Select Units), Individual Yard/Patios, Spacious Floor Plans, Wall Air Conditioning and Heating and Original Birch Cabinetry
Property Amenities Include On-Site Laundry Facility, Assigned Parking Spaces, and Ample Off-Street Parking
Walking Distance to Redlands Sports Park, Supermarkets, Retail Shopping Centers, and Restaurants
Close Proximity to the University of Redlands, Downtown Redlands, Lake Arrowhead, and Big Bear Lake
Get in touch
Eric Chen
Lic: 01489184
Blake Torgerson
Lic: 01919955
Kevin Sin
Lic: 02020968
CBRE is proud to exclusively present The Mentone Portfolio, a 21-Unit apartment asset comprised of two separate properties located on two contiguous parcels in the desirable city of Mentone. The portfolio consists of 1358 Jasper Avenue (11 Units) and 1354-1356 Jasper Avenue (10 Units), which are situated directly next to one another. Both properties can be sold together or individually.
The Mentone Portfolio is strategically located just two blocks east of the city of Redlands, north of Interstate 10, and east of the 210 Freeway. The properties are situated directly off of the scenic State Route 38, which connects Interstate 10 to the Big Bear Lake area. The properties are positioned within walking distance to Redlands Sports Park, supermarkets, retail shopping centers, and restaurants. They are also within close proximity to the University of Redlands and Downtown Redlands; and approximately an hour from Lake Arrowhead and Big Bear Lake.
The Mentone Portfolio offers convenient access to the 10, 210, and 215 freeways and neighboring cities in the county—Loma Linda, Yucaipa, and Colton. They are less than six miles from the San Bernardino International Airport and just a short drive from Riverside, Ontario, Moreno Valley, and San Bernardino—all major logistic hubs within the region. Several significant local landmarks are also within a short distance, including: Yaamava’ Resort & Casino, Big Bear Lake, Lake Arrowhead, the San Bernardino National Forest, Morongo Casino Resort & Spa and more. Built in 1925, 1981, and 1985, The Mentone Portfolio is comprised of well-maintained, single-story buildings totaling 21 units. Each property has been well-maintained and features unique characteristics that are extremely well sought after within this area of Mentone. The portfolio has a total combined lot size of ±99,058 square feet and a total building size of ±18,570 square feet. The portfolio’s unit mix is comprised of 18 two-bed/one-bathroom units, 2 two-bed/two-bathroom units, and 1 three-bed/one-and-a-half-bath unit averaging ±883 square feet per unit. The units feature spacious floor plans, fenced in back yard patios, wall air conditioning and heating, and individual washer/dryer hookups (at select units). The common areas feature on-site laundry facilities, assigned parking spaces, and ample off-street parking. The properties have vacant land at the rear of the property for possible future development and represent stable, income-producing assets with a strong unit mix, offering attractive stability for a future owner.
The Mentone Portfolio is an income-producing property and a great long-term investment opportunity. The property is in a highly desirable area and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.
The Mentone Portfolio is strategically located just two blocks east of the city of Redlands, north of Interstate 10, and east of the 210 Freeway. The properties are situated directly off of the scenic State Route 38, which connects Interstate 10 to the Big Bear Lake area. The properties are positioned within walking distance to Redlands Sports Park, supermarkets, retail shopping centers, and restaurants. They are also within close proximity to the University of Redlands and Downtown Redlands; and approximately an hour from Lake Arrowhead and Big Bear Lake.
The Mentone Portfolio offers convenient access to the 10, 210, and 215 freeways and neighboring cities in the county—Loma Linda, Yucaipa, and Colton. They are less than six miles from the San Bernardino International Airport and just a short drive from Riverside, Ontario, Moreno Valley, and San Bernardino—all major logistic hubs within the region. Several significant local landmarks are also within a short distance, including: Yaamava’ Resort & Casino, Big Bear Lake, Lake Arrowhead, the San Bernardino National Forest, Morongo Casino Resort & Spa and more. Built in 1925, 1981, and 1985, The Mentone Portfolio is comprised of well-maintained, single-story buildings totaling 21 units. Each property has been well-maintained and features unique characteristics that are extremely well sought after within this area of Mentone. The portfolio has a total combined lot size of ±99,058 square feet and a total building size of ±18,570 square feet. The portfolio’s unit mix is comprised of 18 two-bed/one-bathroom units, 2 two-bed/two-bathroom units, and 1 three-bed/one-and-a-half-bath unit averaging ±883 square feet per unit. The units feature spacious floor plans, fenced in back yard patios, wall air conditioning and heating, and individual washer/dryer hookups (at select units). The common areas feature on-site laundry facilities, assigned parking spaces, and ample off-street parking. The properties have vacant land at the rear of the property for possible future development and represent stable, income-producing assets with a strong unit mix, offering attractive stability for a future owner.
The Mentone Portfolio is an income-producing property and a great long-term investment opportunity. The property is in a highly desirable area and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.
Discover Mentone
Mentone, California, is located in San Bernardino County, and holds a distinctive geographic location at the eastern edge of the San Bernardino Valley, making it a scenic gateway to the high-elevation mountain resorts. The community is strategically situated within the Inland Empire region of Southern California, benefiting from its historical ties to agriculture and its proximity to major natural and metropolitan areas. Mentone is nestled at the base of the dramatic San Bernardino Mountains, which include peaks like the snow-capped San Bernardino and San Gorgonio Mountains, providing a stunning backdrop and a slightly cooler microclimate. Mentone is located directly east of the city of Redlands and lies along State Route 38, which serves as a primary route into the nearby San Bernardino National Forest and destinations like Big Bear Lake. This places the community at a crucial juncture, connecting the valley floor with the mountain recreation areas. The community is approximately 14 miles east of the county seat, the City of San Bernardino, offering reasonable access to major municipal centers and transportation corridors like Interstate 10.
Mentone’s economy is characterized by its structure as a smaller, geographically distinct community within the broader, diversified San Bernardino County job market. Its economic profile is historically linked to the citrus industry and, more recently, to its function as a residential community with strong ties to nearby economic hubs like Redlands and San Bernardino. The community benefits from its position at the base of the San Bernardino Mountains, which naturally attracts local services and retail catering to residents and mountain-bound travelers. As a Census Designated Place, Mentone’s workforce largely commutes to surrounding cities in the Inland Empire, which boasts a robust transportation infrastructure via major freeways (I-10, I-210, and I-215). The local economy employed approximately 4,710 people in 2023, reflecting a modest growth rate of 1.42% from the prior year. The largest employment sectors for Mentone residents are predominantly service-based, reflecting its residential nature: Health Care & Social Assistance, Educational Services, and Retail Trade.
Mentone, California, leverages its unique location at the base of the San Bernardino Mountains to emphasize outdoor recreation and a quintessential rural lifestyle, distinguishing its entertainment scene from larger metropolitan centers. The community acts as a primary gateway to the vast San Bernardino National Forest via State Route 38, providing residents and visitors with immediate access to year-round adventures. This includes countless opportunities for hiking, camping, mountain biking, and horseback riding in the summer, and snow play, skiing, and snowboarding during the winter months in nearby mountain resorts like Big Bear Lake. For water-based activities and camping closer to the valley floor, Yucaipa Regional Park is a short drive away, offering fishing lakes, picnic areas, and waterslides. While Mentone itself maintains a quiet, small-town atmosphere, local dining and community events are focused along the Highway 38 corridor, and the close proximity to Redlands provides ready access to a wider variety of dining, retail shopping (like the Redlands Mall and Cinema 14), and cultural institutions.
Mentone, California, is located in San Bernardino County, and holds a distinctive geographic location at the eastern edge of the San Bernardino Valley, making it a scenic gateway to the high-elevation mountain resorts. The community is strategically situated within the Inland Empire region of Southern California, benefiting from its historical ties to agriculture and its proximity to major natural and metropolitan areas. Mentone is nestled at the base of the dramatic San Bernardino Mountains, which include peaks like the snow-capped San Bernardino and San Gorgonio Mountains, providing a stunning backdrop and a slightly cooler microclimate. Mentone is located directly east of the city of Redlands and lies along State Route 38, which serves as a primary route into the nearby San Bernardino National Forest and destinations like Big Bear Lake. This places the community at a crucial juncture, connecting the valley floor with the mountain recreation areas. The community is approximately 14 miles east of the county seat, the City of San Bernardino, offering reasonable access to major municipal centers and transportation corridors like Interstate 10.
Mentone’s economy is characterized by its structure as a smaller, geographically distinct community within the broader, diversified San Bernardino County job market. Its economic profile is historically linked to the citrus industry and, more recently, to its function as a residential community with strong ties to nearby economic hubs like Redlands and San Bernardino. The community benefits from its position at the base of the San Bernardino Mountains, which naturally attracts local services and retail catering to residents and mountain-bound travelers. As a Census Designated Place, Mentone’s workforce largely commutes to surrounding cities in the Inland Empire, which boasts a robust transportation infrastructure via major freeways (I-10, I-210, and I-215). The local economy employed approximately 4,710 people in 2023, reflecting a modest growth rate of 1.42% from the prior year. The largest employment sectors for Mentone residents are predominantly service-based, reflecting its residential nature: Health Care & Social Assistance, Educational Services, and Retail Trade.
Mentone, California, leverages its unique location at the base of the San Bernardino Mountains to emphasize outdoor recreation and a quintessential rural lifestyle, distinguishing its entertainment scene from larger metropolitan centers. The community acts as a primary gateway to the vast San Bernardino National Forest via State Route 38, providing residents and visitors with immediate access to year-round adventures. This includes countless opportunities for hiking, camping, mountain biking, and horseback riding in the summer, and snow play, skiing, and snowboarding during the winter months in nearby mountain resorts like Big Bear Lake. For water-based activities and camping closer to the valley floor, Yucaipa Regional Park is a short drive away, offering fishing lakes, picnic areas, and waterslides. While Mentone itself maintains a quiet, small-town atmosphere, local dining and community events are focused along the Highway 38 corridor, and the close proximity to Redlands provides ready access to a wider variety of dining, retail shopping (like the Redlands Mall and Cinema 14), and cultural institutions.
Total Space Available
18,570 sqft
Sale Price
$4,700,000
Amenity
University of Redlands
University
2.7 miles
5 min.
/drive
Historic Downtown Redlands
Place
3.6 miles
8 min.
/drive
Airport
Ontario International Airport
27 miles
35 min.
San Bernardino International Airport
9 miles
13 min.
/drive
CommuterRail
Redlands University Metrolink Station
2.7 miles
5 min.
/drive
Get in touch
Eric Chen
Lic: 01489184
Blake Torgerson
Lic: 01919955
Kevin Sin
Lic: 02020968