Orange, CA 92865 402 E Glendale Drive
$1,425,000



67 more



































































Presented By: Kimia Vakili with Coldwell Banker Realty; 949-812-8913
Home Details
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.
Presented By: Kimia Vakili with Coldwell Banker Realty; 949-812-8913
Interior Features for 402 E Glendale Drive
Other Interior Features
Air Conditioning Y/NYes
Common WallsOneCommonWall
Fireplace FeaturesElectric
Fireplace Y/NYes
Laundry FeaturesInGarage
Total Stories1
Other Rooms
Entry Level1
General for 402 E Glendale Drive
Additional Parcels Y/NNo
AppliancesDryer, Washer
Building Area UnitsSquareFeet
CityOrange
Community FeaturesSuburban, Sidewalks
CoolingCentralAir
CountyOrange
DirectionsCross streets: Glendale and N Shaffer St
Electric Expense
Entry LocationFront Door
Fuel Expense
Garage Spaces3
Garage Y/NYes
Gross Income88200
HOANo
HOA Fee$
Insurance Expense1440
Land Lease Y/NNo
LevelsOne
Listing TermsSubmit
Lot Size Square Feet9148
Lot Size UnitsSquareFeet
MLS Area72 - Orange & Garden Grove, E of Harbor, N of 22 F
Net Operating Income88700
New ConstructionNo
Number Of Units Total2
Operating Expense600
Pool FeaturesNone
PostalCityORANGE
Property Attached Y/NYes
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameOther
Tax Lot5
Tenant PaysElectricity, ExteriorMaintenance, Gas, GroundsCare, Repairs, Sewer, TrashCollection, Water
Trash Expense0
Water Sewer Expense0
Year Built1972
Year Built SourceAssessor
Exterior for 402 E Glendale Drive
Building Area Total2162
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.21
Lot Size Area9148
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Parking FeaturesDriveway, Garage, OnStreet
Private PoolNo
Total Parking3
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®

SQFT • 2,162