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7771 Mckinley Ave, San Bernardino, CA 92410
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7771 Mckinley Ave San Bernardino, CA 92410

$1,335,000
  • 12 Beds
  • 8 Baths
  • 3,996 Sq.Ft.
For Sale
$1,335,000 Get Pre-Qualified
Map preview of 7771 Mckinley Ave, San Bernardino, CA 92410

Property Overview: 7771 Mckinley Ave San Bernardino, CA has 12 bedrooms, 8 bathrooms, 3,996 living square feet and 19,000 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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!

Listed by Marlene Lopez | BRE #01833607 | Realty Masters & Associates
Last checked: 15 minutes ago | Last updated: June 27th, 2024 | Source CRMLS | DOM: 98
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Home details

Lot Sq. Ft
19,000
HOA Dues
$0/mo
Year built
1988
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
IG24115007
City
San Bernardino
County
San Bernardino
Time on Site
104 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,450
  • Total Rent: $2,450
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,450
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,640
  • Total Rent: $1,640
  • Pro Forma/Market Rent: $2,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.44%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $99,480
  • Net Operating Income: $93,949
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $5,531
  • Trash: $1,700
  • Insurance: $1,431
  • Water/Sewer: $2,400

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Property Details for 7771 Mckinley Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • In Garage
Room Information
  • All Bedrooms Down, Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Range
Interior Features
  • Ceiling Fan(s)
  • Levels: One
Exterior Features
Exterior Information
  • Has Fence
  • Wood, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway, Garage
Lot Information
  • Lot Features: Back Yard, Front Yard, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Mountain(s), Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 1192181120000
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Septic Type Unknown
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: From 215 N exit 5th St turn right, left on Lankershim right on Mckinley Ave
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Foothills, Suburban
View more facts & features

Local San Bernardino Agent

Sale History for 7771 Mckinley Ave

Last sold for $285,000 on July 31st, 2017

  • June, 2024

  • Jun 5, 2024

    Date

    Active

    CRMLS: IG24115007

    $1,456,789

    Price

  • March, 2018

  • Mar 29, 2018

    Date

    Canceled

    CRMLS: TR18016066

    $595,000

    Price

  • Feb 22, 2018

    Date

    Hold

    CRMLS: TR18016066

    $595,000

    Price

  • Jan 29, 2018

    Date

    Active

    CRMLS: TR18016066

    $595,000

    Price

  • Jan 29, 2018

    Date

    Price Change

    CRMLS: TR18016066

    $595,000

    Price

  • Jan 24, 2018

    Date

    Hold

    CRMLS: TR18016066

    $549,000

    Price

  • Jan 22, 2018

    Date

    Active

    CRMLS: TR18016066

    $549,000

    Price

  • Listing provided courtesy of CRMLS

    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. One of the 4 unit has been fully renovated, the other 3 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 a month ago along with exterior paint of both buildings. Start collecting rent from day 1 no vacancy .

  • December, 2017

  • Dec 4, 2017

    Date

    Canceled

    CRMLS: TR17261798

    $1,395

    Price

  • Nov 20, 2017

    Date

    Active

    CRMLS: TR17261798

    $1,395

    Price

  • Listing provided courtesy of CRMLS

    Fully remodeled 3 bedroom 2 bath , brand new tile and carpet in the bedrooms, New bathroom vanities, New closet doors, Brand new beautiful kitchen cabinets, granite counter tops , brand new stainless steel appliances, AC, Heating. One of the nicest apartments in the city of San Bernardino . one car garage and one parking spot available. Section 8 welcome

  • July, 2017

  • Jul 31, 2017

    Date

    Sold (Public Records)

    Public Records

    $285,000

    Price

  • June, 2017

  • Jun 8, 2017

    Date

    Sold (Public Records)

    Public Records

    $275,000

    Price

Show More

Tax History for 7771 Mckinley Ave

Assessed Value (2020): $296,514
Year Land Value Improved Value Assessed Value
2020 $44,737 $251,777 $296,514

Home Value Compared to the Market

This property vs the competition

7771 Mckinley Ave is listed 172.8% higher than the median list price for the city of San Bernardino which has a median list price of $489,369. The median price per/sqft for San Bernardino is $348 and this home is listed at $334.08 per/sqft which puts the price per square foot 4% lower than the median price per square foot for the city of San Bernardino.

About 7771 Mckinley Ave

Detailed summary of property

7771 Mckinley Ave is a fourplex located in San Bernardino, CA 92410 and is currently for sale. This fourplex offers 12 bedrooms, 8 bathrooms, roughly 3,996 living square feet, and sits on an approximately 19,000 square foot lot. 7771 Mckinley Ave was first listed on ArdentRealEstateGroup.com on June 6, 2024. The homeowner is currently asking $1,335,000 and was originally asking $1,456,789. The median priced home in San Bernardino is $489,369 with a median price per square foot of $348. Based on Ardent Real Estate Group's San Bernardino Market Data, this home is listed 172.8% higher than the median priced home. Local competing homes currently for sale include 1014 E Nocta St, 820 E Richland St and 1185 W Grand Blvd. While the average home in San Bernardino, CA is selling in 58 days, 7771 Mckinley Ave has a days on market of 98 days. There are currently 449 homes for sale in the San Bernardino real estate market and 407 of them are single family homes while 38 of them are condos and 4 are townhomes. For more information on this home for sale at 7771 Mckinley Ave San Bernardino, CA 92410 contact Ardent Real Estate Group and we will put you in touch with one of our San Bernardino agents.

Public Facts for 7771 Mckinley Ave

Public county record property details
Beds
6
Baths
4
Year built
1988
Sq. Ft.
3,996
Lot Size
19,000
Stories
1
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
San Bernardino
Lot#
3
APN
1192-181-12-0000

The source for these homes facts are from public records.

92410 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$450,000
Median List Price/Sq.Ft.
$378
Median Sold Price
$455,000
Median Sold Price/Sq.Ft.
$377
Total Inventory
53
Median Sale to List Price %
103.64%
Avg Days on Market
25
Loan Type
Conventional (27.27%), FHA (18.18%), VA (0%), Cash (18.18%), Other (18.18%)

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Recently Sold Homes Near 7771 Mckinley Ave

7842 Mckinley Ave, San Bernardino, CA 92410
$345,000 Last Sold Price
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2 Baths
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7842 Mckinley Ave
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25841 7th St, San Bernardino, CA 92410
$545,000 Last Sold Price
5 Beds
1 Baths
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25841 7th St
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7524 Mckinley St, San Bernardino, CA 92410
$685,000 Last Sold Price
6 Beds
5 Baths
2720 Sq.Ft.
7524 Mckinley St
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7566 Guthrie St, San Bernardino, CA 92410
$555,000 Last Sold Price
5 Beds
3 Baths
1 Sq.Ft.
7566 Guthrie St
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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