7771 McKinley Avenue

San Bernardino, CA 92410

$1,335,000
Price
12
Beds
8
Baths
3,996 Sq. Ft.
$334 / Sq. Ft.
3,996
Sq. Ft.
$334
per Sq. Ft.

Description

Discover an exceptional investment opportunity at 7771 Mckinley Ave, Highland, CA. With Over 100K in capital invested in interior upgrades, this 12 bedroom 8 bathroom quadplex income property features three beautifully remodeled units with the fourth unit that's still in great shape, each unit offering 3 spacious bedrooms and 2 full bathrooms. The modern kitchens are equipped with appliances and stylish finishes, ensuring a contemporary living experience. Each unit boasts its own 2-car garage, complete...Discover an exceptional investment opportunity at 7771 Mckinley Ave, Highland, CA. With Over 100K in capital invested in interior upgrades, this 12 bedroom 8 bathroom quadplex income property features three beautifully remodeled units with the fourth unit that's still in great shape, each unit offering 3 spacious bedrooms and 2 full bathrooms. The modern kitchens are equipped with appliances and stylish finishes, ensuring a contemporary living experience. Each unit boasts its own 2-car garage, complete with washer/dryer hookups, providing convenience and added value for tenants. With its prime location and impressive upgrades, this property is poised to deliver strong rental income and long-term appreciation with equatable income of an 8 unit! Fantastic return on investment with low maintenance and long term tenants. Don't miss out on this rare find!
  1. Listed by Marlene Lopez • DRE #01833607 • Brokerage DRE #01927637 • Realty Masters & Associates • 9515268546

Property Details for 7771 McKinley Avenue

Architectural Style
Traditional
View
Mountain(s), Neighborhood
Parking Spaces Total
4
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 12/05/2024 04:27 AM

Property Details for 7771 McKinley Avenue

StatusActive
MLS #IG24115007
Days on Market197
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1988
Lot Size0.44 AC / 19,000 SF
CountySan Bernardino County

Building Information for 7771 McKinley Avenue

Stories1Residences-Year Built1988Building Size-Lot Size0.44 AC / 19,000 SF

Property Information for 7771 McKinley Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $99,480
  • Net Operating Income: $93,949
  • Cap Rate: 6.44
Expense Details
  • Operating Expense: $5,531
  • Insurance Expense: $1,431
  • Trash Expense: $1,700
  • Water Sewer Expense: $2,400
  • Total Expenses: $5,531
Tax / Assessment Info
  • Tax Tract Number: 007409
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 3,32
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Foothills, Suburban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Range
  • Equipment: Dishwasher, Garage
  • Interior Features: Ceiling Fan(s)
  • Room Type: All Bedrooms Down, Living Room
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: In Garage
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Entry Location: Front
  • Fence: Yes
  • Fence: Wood, Wrought Iron
  • Fencing: Wood, Wrought Iron
  • Property Condition: Turnkey, Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Level
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Septic Type Unknown
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Driveway, Garage
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Driveway, Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,450
  • Unit Type Total Rent: $2,450
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,640
  • Unit Type Total Rent: $1,640
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $2,450
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Range: 4

Property History for 7771 McKinley Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7771 McKinley Avenue

Taxable ValueLand$336,600Additions$785,400Total$1,122,000
Tax Record2024$15,640 ($1,303 / month)
Home Facts
Total Finished SqFt3,996 SqFtAbove Grade Finished SqFt3,996 SqFtStories1Lot Size19,000 SqFtStyleQuadraplexYear Built1988CountySAN BERNARDINOAPN1192-181-12-0000

Schools near 7771 McKinley Avenue

This home is within San Bernardino City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Lankershim Elementary School
PublicK to 6

Serrano Middle School
Public7 to 8

Indian Springs High
Public9 to 12

iEmpire Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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7771 McKinley Avenue is a multi-family home for sale in San Bernardino, CA 92410. This property was listed for sale on June 5, 2024 by Realty Masters & Associates, it's currently listed at $1,335,000. It has been on the market for a total of 197 days and was last sold on September 23, 2022. This listing's school district is San Bernardino City Unified School District. Nearby schools include Lankershim Elementary School, Serrano Middle School and Indian Springs High. 7771 McKinley Avenue is a 12-bed, 8-bath, 3,996 sqft multi-family home built in 1988.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Masters & Associates, Marlene Lopez, DRE #01833607

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.