San Bernardino, CA 92346 7771 Mckinley Avenue
$1,335,000
18 more
Presented By: Marlene Lopez with Realty Masters & Associates; 9515268546
Beds • 12
Baths • 8
SQFT • 3,996
Garage • 4
Year Built • 1988
Home Details
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!
Presented By: Marlene Lopez with Realty Masters & Associates; 9515268546
Interior Features for 7771 Mckinley Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInGarage
Total Stories1
Other Rooms
Entry Level1
General for 7771 Mckinley Avenue
Additional Parcels Y/NNo
AppliancesDishwasher, GasRange
Architectural StyleTraditional
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.44
Carport Y/NNo
CitySan Bernardino
Community FeaturesFoothills, Suburban
Construction MaterialsStucco
CoolingWallWindowUnits
CountySan Bernardino
DirectionsFrom 215 N exit 5th St turn right, left on Lankershim right on Mckinley Ave
ElectricStandard
Electric On Property Y/NNo
Entry LocationFront
Garage Spaces4.0
Garage Y/NYes
Gross Income0.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense1431.0
Interior FeaturesCeilingFans, AllBedroomsDown
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsSubmit
Lot Size Square Feet19000.0
Lot Size UnitsSquareFeet
MLS Area276 - Highland
MobileHomeRemainsYNNo
Net Operating Income93949.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense5531.0
Pool FeaturesNone
Property Attached Y/NYes
Property ConditionUpdatedRemodeled, Turnkey
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerSepticTypeUnknown
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot3, 32
Tenant PaysElectricity, Gas
Total Actual Rent8490.0
Trash Expense1700.0
UtilitiesElectricityConnected, NaturalGasConnected, WaterConnected
ViewMountains, Neighborhood
Water Sewer Expense2400.0
Waterfront Y/NNo
Year Built1988
Year Built SourceAssessor
Exterior for 7771 Mckinley Avenue
Building Area Total3996.0
Crops Included Y/NNo
FencingWood, WroughtIron
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard, FrontYard, Level
Lot Size Acres0.4362
Lot Size Area19000.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDriveway, Garage
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$1,335,000
MLS#IG24115007
List Date
06/05/2024
Property Type
Multi-Family
Phone
(562) 537-4182
