Guest House + Income Potential + R3 Zoning! Rare value-add opportunity set on an expansive ~0.25-acre lot in Orange County, featuring two separate residences with in-place income and strong upside potential, including the opportunity to expand to a three-unit configuration (buyer to verify). The property includes a 2,125 sq. ft. main residence with 4 bedrooms and 3 full bathrooms, offering a bright open layout, spacious living areas, and an updated kitchen with newer Viking range and Viking dishwasher—ideal for owner-occupancy or premium rental income. The detached second residence, approximately 960 sq. ft. with 2 bedrooms and 1 bathroom, has been recently fully renovated and is currently operated as a short-term rental, with a long-established history of consistent rental income. The unit is separately metered for water, electricity, trash, and internet, and includes its own private yard and dedicated parking, creating true independence and flexibility for continued income or multigenerational living. A major value driver is the detached 960 sq. ft. vaulted four-car garage/workshop, offering exceptional utility for storage, business use, or hobbies, with strong potential for future conversion into an additional detached single-family residence or ADU. Combined with the property’s R3 zoning, which may allow for the addition of an additional ADU, this creates a compelling opportunity to increase unit count and maximize income potential (buyer to verify zoning, permits, and feasibility with the city). The property also features an expansive driveway with RV parking and accommodates approximately 10 vehicles, including 6 covered and 4 uncovered spaces, a rare amenity that enhances both usability and tenant appeal. Outdoor areas are designed for enjoyment and added value, featuring multiple seating areas, a newer jacuzzi, and a built-in barbecue island with Weber griddle, creating an attractive environment for both residents and guests. Ideally located approximately 1.3 miles from highly sought-after Oxford Academy and within close proximity to nearby amenities, shopping, and major transportation corridors, this property benefits from strong rental demand in a highly desirable Orange County location. This is a rare opportunity to acquire a versatile, income-producing asset with immediate cash flow and a clear path to increased density and long-term upside, all on a large, well-located parcel.
*DO NOT DISTURB TENANTS* This is an exceptional investment opportunity on an expansive 15,000 sq ft lot featuring five charming 2-bedroom, 1-bath bungalow-style units. Each unit has been tastefully remodeled, offering updated interiors that appeal to today’s tenants while maintaining the classic bungalow character. Improvements include modernized kitchens and baths, refreshed flooring, and updated finishes throughout. Each unit has it's own outdoor space, to BBQ, entertain or just enjoy the sunshine. The large lot allows for excellent spacing between units, creating a comfortable and private residential environment rarely found in multi-unit properties. In addition to attached, private garages for each unit, the property also offers 4 off-street spaces along the driveway and public street parking. This amazing property sits directly across the street from the newly improved Arnold Cypress Park, providing tenants with immediate access to open green space, recreation, and neighborhood amenities. With strong rental appeal, a highly desirable location, and multiple standalone bungalow units, this property presents an outstanding opportunity for investors seeking stable income with long-term upside potential. Zoned RM15, this sizable parcel also offers future development or expansion possibilities (buyer to verify with the city). Ideally suited for investors looking to add a well-maintained, high-demand multi-unit property to their portfolio.
Cypress is located in California. Cypress, California has a population of 50,279. Cypress is more family-centric than the surrounding county with 38.68% of the households containing married families with children. The county average for households married with children is 34.78%.
The median household income in Cypress, California is $109,180. The median household income for the surrounding county is $100,485 compared to the national median of $69,021. The median age of people living in Cypress is 41.2 years.
The average high temperature in July is 82.7 degrees, with an average low temperature in January of 45.9 degrees. The average rainfall is approximately 13.5 inches per year, with 0 inches of snow per year.
