402 E Glendale Drive Orange, CA 92865
Listing Courtesy of: CRMLS / Listed By: Kimia Vakili, Coldwell Banker Realty - Contact:  949-812-8913

  402 E Glendale Drive Orange, CA 92865

Active
$1,425,000 (USD)

Description

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. Already occupied by two solid, established tenants, this income-producing property offers immediate rental revenue from day one, eliminating vacancy concerns and providing a seamless transition for its next owner. 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.

MLS #:
OC26149678
Lot Size
9,148 SQFT
Type
Multifamily
Year Built
1972
County
Orange County

Listed By

Kimia Vakili, DRE #02059668 CA, Coldwell Banker Realty, Contact: 949-812-8913
Source
CRMLS
Last checked Jul 9 2026 at 11:11 PM GMT+0000
Bathroom Details
Interior Features
  • Laundry: In Garage
  • Dryer
  • Washer
Property Features
  • Fireplace: Electric
Heating and Cooling
  • Central Air
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Parking
  • Driveway
  • Garage
  • On Street
Stories
  • 1
Additional Information: Newport Beach | 949-812-8913
Location
   
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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of {7/9/26 16:11} and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.