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26196 Cypress Street A, Highland, California 92346, Highland, 92346 - bed, bath

26196 Cypress Street A, Highland, California 92346 home-pic-0
ACTIVE$750,000
26196 Cypress Street A, Highland, California 92346
0Bed
0Bath
2,900Sqft
12,900Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Generating Triplex: The property is a triplex with three tenant-occupied units, providing immediate and stable rental income for investors.
Top Cons:
Reliance on Swamp Coolers: Each unit is equipped with a swamp cooler, which may be less efficient and desirable than modern central air conditioning, potentially impacting tenant comfort and market appeal.

Compared to the nearby listings

Price:$750.0K vs avg $770.0K ($-20,000)50%
Size:2,900 sqft vs avg 2,700 sqft67%
Price/sqft:$259 vs avg $28333%

More Insights

Built in 1984 (41 years old).
Condition: The property was built in 1984, making it 40 years old. While it benefits from a new roof (9 years old) and new heater units (3 years old), these updates are not extensive enough to elevate the overall condition beyond 'fair.' The description mentions swamp coolers, which are an outdated cooling system. Without interior images or specific mention of kitchen and bathroom renovations, it's highly probable these areas are original or significantly dated, requiring minor to moderate updates to meet modern aesthetic and functional standards. The exterior appears maintained but shows its age.
Year Built
1984
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$259
HOA
-
Days on market
-
Sold On
-
MLS number
SW25175721
Home ConditionFair
Features
Good View:
Patio
View-

About this home

Investor Special – Income-Generating Triplex with ADU Potential in Highland Welcome to 26196 Cypress St, a spacious and well-maintained triplex located in a desirable Highland neighborhood. This property features three separately metered units, each with 2 bedrooms and 1 bathroom, totaling approximately 2,900 sq ft of living space. Each unit is equipped with its own swamp cooler and heater unit, and all three are currently tenant-occupied on month-to-month leases, offering both stability and flexibility for the next owner. The lot offers ample off-street parking and a generous rear area, providing excellent potential to add a large ADU and increase cash flow. Recent improvements include a new roof installed 9 years ago and new heater units added 3 years ago. Whether you're a seasoned investor or looking to live in one unit while renting the others, this income-producing property is a smart addition to any portfolio. Don't miss this opportunity to own a versatile, high-potential property in the heart of Highland!

Condition Rating
Fair
The property was built in 1984, making it 40 years old. While it benefits from a new roof (9 years old) and new heater units (3 years old), these updates are not extensive enough to elevate the overall condition beyond 'fair.' The description mentions swamp coolers, which are an outdated cooling system. Without interior images or specific mention of kitchen and bathroom renovations, it's highly probable these areas are original or significantly dated, requiring minor to moderate updates to meet modern aesthetic and functional standards. The exterior appears maintained but shows its age.
Pros & Cons

Pros

Income-Generating Triplex: The property is a triplex with three tenant-occupied units, providing immediate and stable rental income for investors.
Significant ADU Potential: A generous lot size and rear area offer excellent potential to add a large Accessory Dwelling Unit, significantly increasing cash flow and property value.
Separately Metered Units: Each of the three units is separately metered, simplifying utility management and reducing landlord overhead.
Tenant-Occupied with Lease Flexibility: All units are currently tenant-occupied on month-to-month leases, ensuring immediate income while providing flexibility for future owner-occupancy or lease adjustments.
Recent Major System Upgrades: Key improvements include a new roof installed 9 years ago and new heater units added 3 years ago, reducing immediate capital expenditure for a new owner.

Cons

Reliance on Swamp Coolers: Each unit is equipped with a swamp cooler, which may be less efficient and desirable than modern central air conditioning, potentially impacting tenant comfort and market appeal.
Property Age and Potential for Updates: Built in 1984, the property is 40 years old, suggesting other systems or cosmetic elements may require future updates or maintenance beyond the recently replaced roof and heaters.
Month-to-Month Lease Volatility: While offering flexibility, month-to-month leases can lead to higher tenant turnover or unexpected vacancies, potentially impacting the consistency of rental income.

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