32568 Kentucky Street, Yucaipa, California 92399, Yucaipa, - bed, bath
ACTIVE$699,000
32568 Kentucky Street, Yucaipa, California 92399
0Bed
0Bath
1,360Sqft
96,267Lot
Year Built
1950
Close
-
List price
$699K
Original List price
$790K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV25029814
Home ConditionPoor
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
Huge investment opportunity!!! Owner just completed and recorded lot-split to create three large parcels totaling over 2 acres of flat useable land. Includes fully rented 960 SF house and 400 SF converted garage ADU on one of the parcels, the other two are flat raw land. Collect rents while you develop the back. Zoning is single family residential. Build two more houses and two more ADU's to bring total to 6 rentable units or build off and sell. Sewer in street. 12 water shares included. Huge opportunity awaits! **Buyer should not rely any information herein, buyer advised to verify all information and do all due diligence independently **
Price History
Date
Event
Price
10/08/25
Price Change
$699,000-3.6%
08/02/25
$725,000
02/14/25
$790,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (237 Listings) | |
|---|---|---|---|
| Beds | 0 | 3 | |
| Baths | 0 | 2 | |
| Square foot | 1,360 | 1,740 | 32% |
| Lot Size | 96,267 | 10,800 | 97% |
| Price | $699K | $575K | 73% |
| Price per square foot | $514 | $331 | 95% |
| Built year | 1950 | 9895990 | 9% |
| HOA | |||
| Days on market | 264 | 177 | 86% |
Condition Rating
Poor
Built in 1950, this property shows significant age and a complete lack of modern updates. The kitchen, a critical area, features very outdated light wood cabinets, worn laminate countertops, older white appliances, and dated linoleum flooring, all requiring substantial rehabilitation. While the property is currently rented, indicating basic functionality, the existing structures are very old and would necessitate extensive renovation to meet current living standards. Major systems and components are likely at or past their expected lifespan, requiring significant investment.
Pros & Cons
Pros
Exceptional Development Opportunity: The property features three legally split parcels totaling over 2 acres of flat, usable land, zoned for single-family residential with potential for up to six rentable units (four new builds plus two existing).
Immediate Rental Income: Two existing units (a 960 sqft house and a 400 sqft converted ADU) are fully rented, providing instant cash flow to offset holding costs during development.
Key Utilities Available: Essential infrastructure, including sewer in the street and 12 water shares, is already in place, significantly streamlining future development.
Expansive & Flat Land: Over 2 acres of flat terrain minimizes grading expenses and offers maximum flexibility for construction and site planning.
Scenic Mountain Views: The property boasts desirable mountain views, enhancing the aesthetic appeal and potential market value of future residences.
Cons
Aging Existing Structures: The main house (built 1950) and converted garage ADU are older, potentially requiring substantial renovation, modernization, or demolition depending on the buyer's development plans.
Recent Price Reductions: Multiple price drops from the original $790,000 to the current $699,000 suggest potential market resistance or an initial overvaluation, which could indicate a longer time on market or further negotiation.
Significant Buyer Due Diligence: The listing explicitly states that buyers must independently verify all information, implying potential complexities or unconfirmed details that require extensive investigation, adding risk and cost to the acquisition process.