7771 Mckinley Ave San Bernardino, CA 92410
Lankershim NeighborhoodEstimated payment $8,987/month
Highlights
- 0.44 Acre Lot
- Traditional Architecture
- Cooling System Mounted To A Wall/Window
- Mountain View
- No HOA
- Living Room
About This Home
Discover an exceptional investment opportunity at 7771 Mckinley Ave, Highland, 10% cap pro forma!! 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!
Listing Agent
Realty Masters & Associates Brokerage Phone: 9515268546 License #01833607 Listed on: 06/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,640
Year Built
- Built in 1988 | Remodeled
Lot Details
- 0.44 Acre Lot
- Two or More Common Walls
- Wrought Iron Fence
- Wood Fence
- Level Lot
- Back and Front Yard
Parking
- 4 Car Garage
- Parking Available
- Driveway
Property Views
- Mountain
- Neighborhood
Home Design
- Traditional Architecture
- Quadruplex
- Entry on the 1st floor
- Turnkey
- Stucco
Interior Spaces
- 3,996 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Living Room
Kitchen
- Gas Range
- Dishwasher
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Location
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 3,32
- Tax Tract Number 7409
- Assessor Parcel Number 1192181120000
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Foothills
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,431
- Trash Expense $1,700
- Water Sewer Expense $2,400
- Operating Expense $5,531
- Net Operating Income $93,949
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,640 | $1,144,440 | $343,332 | $801,108 |
| 2024 | $15,640 | $1,122,000 | $336,600 | $785,400 |
| 2023 | $15,294 | $1,100,000 | $330,000 | $770,000 |
| 2022 | $5,549 | $305,577 | $46,104 | $259,473 |
| 2021 | $5,386 | $299,585 | $45,200 | $254,385 |
| 2020 | $3,993 | $296,514 | $44,737 | $251,777 |
| 2019 | $3,872 | $290,700 | $43,860 | $246,840 |
| 2018 | $3,827 | $314,058 | $44,778 | $269,280 |
| 2017 | $4,080 | $307,900 | $43,900 | $264,000 |
| 2016 | $3,591 | $272,900 | $38,900 | $234,000 |
| 2015 | $3,411 | $250,200 | $35,700 | $214,500 |
| 2014 | $3,006 | $221,400 | $31,600 | $189,800 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | For Sale | $1,455,000 | +32.3% | $364 / Sq Ft |
| 09/23/2022 09/23/22 | Sold | $1,100,000 | 0.0% | $275 / Sq Ft |
| 08/25/2022 08/25/22 | Pending | -- | -- | -- |
| 07/26/2022 07/26/22 | For Sale | $1,100,000 | 0.0% | $275 / Sq Ft |
| 07/25/2022 07/25/22 | Off Market | $1,100,000 | -- | -- |
| 05/02/2022 05/02/22 | For Sale | $1,100,000 | -- | $275 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,100,000 | Netco | |
| Grant Deed | $285,000 | Netco Title Company | |
| Grant Deed | $275,000 | Netco Title Company | |
| Grant Deed | -- | Netco Title | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Stewart Title Company | |
| Individual Deed | $285,000 | Chicago Title Co | |
| Individual Deed | $178,500 | Gateway Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $715,000 | Construction | |
| Previous Owner | $360,000 | Commercial | |
| Previous Owner | $279,000 | Commercial | |
| Previous Owner | $178,000 | Commercial | |
| Previous Owner | $192,000 | Negative Amortization | |
| Previous Owner | $183,500 | Purchase Money Mortgage | |
| Previous Owner | $170,000 | Purchase Money Mortgage | |
| Previous Owner | $65,000 | Stand Alone Second | |
| Previous Owner | $176,593 | FHA |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IG25130434
APN: 1192-181-12
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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