Properties
Highland, CA 92346 7771 Mckinley Avenue
$1,455,000
17 more
Presented By: Marlene Lopez with Realty Masters & Associates; 9515268546
Baths • 2
SQFT • 3,996
Garage • 4
Home Details
Discover an exceptional investment opportunity at 7771 Mckinley Ave, Highland, 10.83% current cap rate!! With Over 100K in capital invested in interior upgrades, this 12 bedroom 8 bathroom quadplex income property features three beautifully remodeled units with the fourth unit that's still in great shape, each unit offering 3 spacious bedrooms and 2 full bathrooms. The modern kitchens are equipped with appliances and stylish finishes, ensuring a contemporary living experience. Each unit boasts its own 2-car garage, complete with washer/dryer hookups, providing convenience and added value for tenants. With its prime location and impressive upgrades, this property is poised to deliver strong rental income and long-term appreciation with equatable income of an 8 unit! Fantastic return on investment with low maintenance and long term tenants. Don't miss out on this rare find!
Presented By: Marlene Lopez with Realty Masters & Associates; 9515268546
Interior Features for 7771 Mckinley Avenue
Other Interior Features
Air Conditioning Y/NYes
Common Walls2+ Common Walls
Heating Y/NYes
Interior AmenitiesCeiling Fan(s), All Bedrooms Down
Laundry FeaturesIn Garage
Total Stories1
Other Rooms
Entry Level1
General for 7771 Mckinley Avenue
Additional Parcels Y/NNo
AppliancesDishwasher, Gas Range
Architectural StyleTraditional
Building Area UnitsSquare Feet
Cap Rate6.44
CityHighland
Community FeaturesFoothills, Suburban
Construction MaterialsStucco
ContingencySubject to interior inspection with accepted offer
CoolingWall/Window Unit(s)
CountySan Bernardino
DirectionsFrom 215 N exit 5th St turn right, left on Lankershim right on Mckinley Ave
ElectricStandard
Entry LocationFront
Garage Spaces4
Garage Y/NYes
Gross Income
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense1431
Land Lease Y/NNo
LevelsOne
Listing TermsSubmit
Lot Size Square Feet19000
Lot Size UnitsSquare Feet
MLS Area276 - Highland
Net Operating Income109813
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense5531
Pool FeaturesNone
PostalCityHIGHLAND
Property Attached Y/NYes
Property ConditionUpdated/Remodeled, Turnkey
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerSeptic Type Unknown
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot3, 32
Tenant PaysElectricity, Gas
Total Actual Rent8490
Trash Expense1700
UtilitiesElectricity Connected, Natural Gas Connected, Water Connected
ViewMountain(s), Neighborhood
Water Sewer Expense2400
Year Built1988
Year Built SourceAssessor
Exterior for 7771 Mckinley Avenue
Building Area Total3996
FencingWood, Wrought Iron
Lot FeaturesBack Yard, Front Yard, Level
Lot Size Acres0.4362
Lot Size Area19000
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Parking FeaturesDriveway, Garage
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Total Parking4
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
