Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Building size

2,040 sqft

Lot size

6,376 sqft

Year built

2026

Stories

1

Heating

Heat Pump

Cooling

Central Air

Status

Active

Days on market

8

MLS #

248307864

About this property

Exceptional opportunity to acquire a turnkey 4-unit multifamily property in desirable Glendale, CA, featuring two newly constructed 2026 ADUs and two extensively renovated front residences. All four units offer spacious 1-bedroom floor plans with modern finishes and thoughtful upgrades throughout. Improvements include new laminate flooring, recessed lighting, quartz countertops, beautifully tiled showers, new LG WashTower washer/dryer units, modern kitchen appliances, and expansive private decks and outdoor living spaces. The newly constructed rear ADUs feature impressive 9+ foot ceilings, while additional property improvements include new stucco, roofing, and numerous upgraded building components. The two front units are currently leased, providing immediate rental income, while the two brand-new rear ADUs are vacant and ready for occupancy, offering flexibility for both investors and owner-users. An ideal opportunity to live in one unit while collecting rental income from the remaining three, or lease all four residences to maximize income potential. With major capital improvements already completed, this low-maintenance investment offers an attractive combination of modern living, immediate income, rental upside, and long-term appreciation potential in the highly sought-after Glendale rental market. A rare turnkey offering with flexible occupancy options and exceptional investment appeal!

Location

559 Oak Street

Glendale, Los Angeles, CA, 91204