402 E Glendale Drive, Orange, California 92865, Orange, 92865 - 6 bed, 4 bath
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Orange, California 92865
This High-Potential Investment Opportunity is a Residential Income Duplex listed at $1,425,000, positioned above the $1,266,950 Fair Market Value. Despite the premium, the property offers immediate stability with $7,350 in monthly gross income. Featuring an Excellent Condition Rating due to extensive renovations—including a new roof, HVAC, and modern granite kitchens—this asset requires zero capital expenditure. Located in the Orange Unified district, this turnkey property is an ideal acquisition for Buy-and-Hold Investors or passive income seekers prioritizing long-term cash flow and low maintenance.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation (within 5 years), featuring a brand-new roof, HVAC systems, electrical panels, and water heaters. The kitchens and bathrooms are fully modernized with granite countertops and new cabinetry, and the interior features new luxury vinyl plank flooring and LED lighting throughout, meeting the criteria for mint condition with no immediate maintenance required.
The property is fully occupied by two quality tenants generating $7,350 in monthly gross income, providing a turnkey investment with no immediate vacancy concerns.
Extensively updated with a new roof, HVAC systems, electrical panels, and modern interior finishes, significantly reducing near-term capital expenditure and maintenance costs.
Featuring two spacious 3-bedroom, 2-bathroom single-story units with attached garages, the property offers a rare and highly functional layout that appeals to long-term family tenants.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9148, other record lot size in square feet = 8970. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
The property was recently sold within the past year on 2025-08-29. The sold price is $1,385,000.00.
With both units currently under one-year lease agreements, the new owner has limited immediate flexibility for rent adjustments or personal occupancy.
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.
No exterior & parking available.
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| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 6.0 |
| Baths | 4.0 | 6.0 |
| Square foot | 2,162 | 2,998 |
| Lot Size | 9,148 | 6,970 |
| Price | $1.43M | $1.45M |
| Price per sq ft | $659 | $515 |
| Built year | 1972 | 1977 |
| HOA | $0 | $81 |
| Days on market | 13 | 91 |
Jul 9, 2026
$1,425,000
Initial Listing
Aug 29, 2025
$1,385,000
Public Record
Jul 9, 1999
$245,000
Public Record