RealKey
‪(213) 433-7766‬

26196 Cypress Street A, Highland, California 92346, Highland, 92346 - 6 bed, 3 bath

26196 Cypress Street A, Highland, California 92346 home-pic-0
ACTIVE$750,000
26196 Cypress Street A, Highland, California 92346
6Beds
3Baths
2,900Sqft
12,900Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Immediate Income Generation: This triplex features three tenant-occupied units on month-to-month leases, providing immediate and consistent cash flow for an investor.
Top Cons:
Outdated Cooling System: Units are equipped with swamp coolers, which are generally less efficient and effective than modern central air conditioning, potentially impacting tenant comfort and marketability during hotter months.

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 are system updates rather than a comprehensive renovation. The exterior appears dated, and the presence of swamp coolers indicates older cooling technology. Crucially, there are no interior images provided, which strongly suggests that the kitchens, bathrooms, flooring, and other interior finishes are likely original or last updated decades ago, requiring minor updates to meet current aesthetic and functional standards. The property is functional and maintained but clearly 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
SW25175727
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

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 are system updates rather than a comprehensive renovation. The exterior appears dated, and the presence of swamp coolers indicates older cooling technology. Crucially, there are no interior images provided, which strongly suggests that the kitchens, bathrooms, flooring, and other interior finishes are likely original or last updated decades ago, requiring minor updates to meet current aesthetic and functional standards. The property is functional and maintained but clearly shows its age.
Pros & Cons

Pros

Immediate Income Generation: This triplex features three tenant-occupied units on month-to-month leases, providing immediate and consistent cash flow for an investor.
Significant ADU Potential: The generous rear lot offers excellent potential to add an Accessory Dwelling Unit (ADU), which can substantially increase future rental income and overall property value.
Separately Metered Units: Each of the three units is separately metered, simplifying utility management and tenant billing, thereby reducing landlord operational overhead.
Recent Capital Improvements: The property benefits from a new roof installed 9 years ago and new heater units added 3 years ago, indicating recent major system updates that reduce immediate capital expenditure for a new owner.
Desirable Location & Views: Situated in a desirable Highland neighborhood with mountain views, enhancing tenant appeal and contributing to long-term appreciation potential.

Cons

Outdated Cooling System: Units are equipped with swamp coolers, which are generally less efficient and effective than modern central air conditioning, potentially impacting tenant comfort and marketability during hotter months.
Property Age & Potential System Updates: Built in 1984, the property is 40 years old, suggesting that other major systems (e.g., plumbing, electrical, windows) may be original or nearing the end of their useful life, potentially requiring future significant investment.
Month-to-Month Lease Volatility: While offering flexibility, month-to-month leases can lead to higher tenant turnover or less predictable income compared to fixed-term leases, especially if the new owner plans rent adjustments or renovations.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state