7771 McKinley Avenue

Highland, CA 92410

$1,100,000
Last Sold Price
12
Beds
8
Baths
3,995 Sq. Ft.
$275 / Sq. Ft.
3,995
Sq. Ft.
$275
per Sq. Ft.

Description

Great investment 4 unit income property for investors . Property includes 4 flat units , each unit has 3 bedroom and 2 full bath. Close to Freeways and schools, banks, park, restaurants. two of the 4 unit has been fully renovated, the other 2 units are in good shape. Property is 100% occupied and generated great cash flow. Please do not bother tenants . Landlord pays trash and water only . There are separate meters for gas and electrical and washer and dryer hook up in every garage. each unit has...Great investment 4 unit income property for investors . Property includes 4 flat units , each unit has 3 bedroom and 2 full bath. Close to Freeways and schools, banks, park, restaurants. two of the 4 unit has been fully renovated, the other 2 units are in good shape. Property is 100% occupied and generated great cash flow. Please do not bother tenants . Landlord pays trash and water only . There are separate meters for gas and electrical and washer and dryer hook up in every garage. each unit has a garage and there is couple parking spots for guests. Lot has 2 buildings , each building has 2 units. The roof on both building has been replaced not so long ago along with exterior paint of both buildings, and 2 garage doors have been replaced.. Start collecting rent from day 1 no vacancy .
  1. Listed by Elizabeth Rivera • DRE #01503850 • Brokerage DRE #02117536 • Above Standards Realty

Property Details for 7771 McKinley Avenue

View
None
Parking Spaces Total
4
Private Pool
No
Cooling Type
Wall/Window, Other/Remarks
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3995

Location

Listing Courtesy of Above Standards Realty, Elizabeth Rivera, DRE #01503850

Sold By Keller Williams Realty, Marlene Lopez, DRE #01833607

Add your commute
LISTING UPDATED: 09/23/2022 09:59 AM

Property Details for 7771 McKinley Avenue

StatusClosed
MLS #PW22090590
Days on Market114
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

Location

Listing Courtesy of Above Standards Realty, Elizabeth Rivera, DRE #01503850

Sold By Keller Williams Realty, Marlene Lopez, DRE #01833607

Add your commute

Building Information for 7771 McKinley Avenue

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

Payment Calculator

$7,278 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$1,275

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7771 McKinley Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $76,944
  • Gross Scheduled Income: $76,944
  • Gross Spendable Income: $76,944
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $77,760
  • Net Operating Income: $67,176
  • Gross Multiplier: 14.15
  • Cap Rate: 6.2
  • Financing: Other/Remarks
Expense Details
  • Operating Expense: $10,584
  • Pest Control Expense: $1,200
  • Insurance Expense: $2,000
  • Other Expense: $5,384
  • Other Expense Description: Tax
  • Trash Expense: $0
  • Water Sewer Expense: $2,000
  • Total Expenses: $10,584
Tax / Assessment Info
  • Tax Block: 62
  • Tax Tract Number: 2625
  • Tax Census Tract: 74.09
  • CFD/Mello-Roos Fee: $5,386
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Foothills
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Range, Water Heater
  • Equipment: Dishwasher, Garage
  • Interior Features: Ceiling Fan(s)
  • Room Type: All Bedrooms Down, Living Room, Master Bedroom
  • Bedroom Features: All Bedrooms Down, Master Bedroom
  • Laundry: Yes
  • Laundry Features: In Garage
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: See Remarks, Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet, Tile
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Shingle
  • Fence: Yes
  • Fence: Cross Fenced, Wood
  • Fencing: Cross Fenced, Wood
  • Property Condition: Updated/Remodeled
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Septic Type Unknown
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Driveway, Garage, Parking Space
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Driveway, Garage, Parking Space
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: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,795
  • Unit Type Total Rent: $1,795
  • Unit Type Pro Forma: 1795
  • 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: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,629
  • Unit Type Total Rent: $1,629
  • Unit Type Pro Forma: 1629
  • 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: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,495
  • Unit Type Total Rent: $1,495
  • Unit Type Pro Forma: 1495
  • 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: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,495
  • Unit Type Total Rent: $1,495
  • Unit Type Pro Forma: 1495
  • 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

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$47,026Additions$264,662Total$311,688
Tax Record2023$15,294 ($1,275 / 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.

Similar Homes

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Similar Sold Homes

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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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Above Standards Realty, Elizabeth Rivera, DRE #01503850

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.