$1,425,000

6 Bedrooms Duplex

  • 6 Beds
  • 4 Baths
  • 2,162 Sqft
  • 9,148 Sqft lot
  • Updated: July 24
  • MLS#OC26145628

About the Property

Investor Opportunity! Immediate cash flow with two quality tenants already in place. Unit 402 is leased at $3,500/month and Unit 404 is leased at $3,850/month, generating $7,350/month ($88,200 annually) in gross rental income. Both tenants are on one-year lease agreements and have expressed interest in remaining long-term, providing a stable, turnkey investment from day one. 402 & 404 E Glenda
Investor Opportunity! Immediate cash flow with two quality tenants already in place. Unit 402 is leased at $3,500/month and Unit 404 is leased at $3,850/month, generating $7,350/month ($88,200 annually) in gross rental income. Both tenants are on one-year lease agreements and have expressed interest in remaining long-term, providing a stable, turnkey investment from day one. 402 & 404 E Glendale Drive presents an exceptional opportunity to acquire a beautifully renovated duplex in one of North Orange’s most desirable and rarely available neighborhoods. Located along the highly sought-after Glendale Drive duplex row, this single-story property features two spacious 3-bedroom, 2-bathroom units with mirror-image floor plans. Each residence offers a private entrance, attached garage, enclosed side patio, rear patio, brand new laundry units, and a comfortable, functional layout that appeals to long-term tenants. Both units have been extensively renovated with quality upgrades designed to minimize future maintenance and maximize rental appeal. Improvements include luxury vinyl plank flooring, remodeled kitchens and bathrooms with modern granite countertops and updated cabinetry, brand-new ranges and vent hoods, electric fireplaces, LED recessed lighting throughout, brand-new central heating and air conditioning systems, upgraded electrical panels, new water heaters, a brand-new roof and gutters, new garage doors with automatic openers, and numerous additional improvements. Whether you’re looking to expand your real estate portfolio with a turnkey, income-generating asset or secure a long-term investment in a strong rental market, this property checks every box. With two tenants already in place, extensive recent renovations, and a highly desirable location surrounded primarily by single-family homes, this is a rare opportunity to acquire a low-maintenance duplex with immediate cash flow and excellent long-term appreciation potential. Investment opportunities like this rarely become available, don’t miss your chance to own one of Glendale Drive’s premier duplex properties.
  • Property type

    Apartment

  • Year built

    1972

  • Price/sqft

    $659

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402 E Glendale Drive, Orange, CA 92865, California, United States View on Google Maps
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Kimia Vakili

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Kimia Vakili
California, United States
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3
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2023
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Coldwell Banker Realty - Newport Beach
Coldwell Banker Realty - Newport Beach
840 Newport Center Dr Ste 100, 92660, Newport Beach, California, United States
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At Coldwell Banker Residential Brokerage, we sell more than homes, we sell a lifestyle. With a large inventory of h
At Coldwell Banker Residential Brokerage, we sell more than homes, we sell a lifestyle. With a large inventory of homes, investment property and building sites in all price ranges, contact our Fashion Island or Lido Office location for real estate assistance. We offer the top agents, the best service, and are the leaders in premier marketing and advertising for coastal Orange County. We look forward to assisting you.
Last updated
July 24
First listed
Jul 10
Listing reference
rl3xjq
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