7771 Mckinley Avenue, Highland, California 92346, Highland, 92346 - bed, bath
ACTIVE$1,455,000
7771 Mckinley Avenue, Highland, California 92346
0Bed
0Bath
3,996Sqft
19,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Investment Opportunity: The property is explicitly marketed as an 'exceptional investment opportunity' with a strong '10% cap pro forma' and promises 'fantastic return on investment'.
Top Cons:
Inconsistent Unit Upgrades: While three units are beautifully remodeled, the fourth unit is only described as 'still in great shape,' indicating a potential disparity in quality or future upgrade needs compared to the others.
Compared to the nearby listings
Price:$1.46M vs avg $802.5K (+$652,500)83%
Size:3,996 sqft vs avg 2,700 sqft83%
Price/sqft:$364 vs avg $30283%
More Insights
Built in 1988 (37 years old).
Condition: The property was built in 1988, making it 36 years old. While the listing claims 'Over 100K in capital invested in interior upgrades' for three units, featuring 'modern kitchens' and 'stylish finishes,' and the fourth unit is 'in great shape,' there are no interior images to verify these claims. The exterior images show a well-maintained but not modern aesthetic. Given the age of the building, it's likely that major systems (plumbing, electrical, HVAC, foundation) are original or have had partial updates, and may be nearing or past their expected lifespan. Without visual confirmation of the interior renovations and more information on the condition of all major systems, the property's overall condition is best described as 'Fair,' acknowledging its age and maintenance while noting potential for outdated components despite cosmetic updates to some units.
Year Built
1988
Close
-
List price
$1.46M
Original List price
$1.46M
Price/Sqft
$364
HOA
-
Days on market
-
Sold On
-
MLS number
IG25130434
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood
ViewMountain(s), Neighborhood
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!
Condition Rating
Fair
The property was built in 1988, making it 36 years old. While the listing claims 'Over 100K in capital invested in interior upgrades' for three units, featuring 'modern kitchens' and 'stylish finishes,' and the fourth unit is 'in great shape,' there are no interior images to verify these claims. The exterior images show a well-maintained but not modern aesthetic. Given the age of the building, it's likely that major systems (plumbing, electrical, HVAC, foundation) are original or have had partial updates, and may be nearing or past their expected lifespan. Without visual confirmation of the interior renovations and more information on the condition of all major systems, the property's overall condition is best described as 'Fair,' acknowledging its age and maintenance while noting potential for outdated components despite cosmetic updates to some units.
Pros & Cons
Pros
Exceptional Investment Opportunity: The property is explicitly marketed as an 'exceptional investment opportunity' with a strong '10% cap pro forma' and promises 'fantastic return on investment'.
Extensive Interior Upgrades: Over $100K in capital has been invested in interior upgrades, with three units beautifully remodeled, featuring modern kitchens, appliances, and stylish finishes.
High-Demand Unit Configuration: This quadplex offers 12 bedrooms and 8 bathrooms, with each of the four units providing 3 spacious bedrooms and 2 full bathrooms, appealing to a broad tenant base and offering 'equatable income of an 8 unit'.
Valuable Tenant Amenities: Each unit includes its own 2-car garage and in-unit washer/dryer hookups, significantly enhancing tenant convenience, appeal, and retention.
Low Maintenance & Stable Tenancy: The description highlights 'low maintenance' and 'long term tenants,' suggesting a stable income stream and reduced operational burden for the investor.
Cons
Inconsistent Unit Upgrades: While three units are beautifully remodeled, the fourth unit is only described as 'still in great shape,' indicating a potential disparity in quality or future upgrade needs compared to the others.
Property Age and System Condition: Built in 1988, the property is 36 years old. Despite interior upgrades, underlying foundational systems (e.g., plumbing, electrical, roof) may be original or nearing end-of-life, potentially requiring significant future capital expenditures.
Pro Forma Cap Rate Verification: The attractive '10% cap pro forma' is a projection. Thorough due diligence is essential to verify the accuracy and sustainability of this projected income, as actual performance may vary.