559 Oak StreetGlendale, CA 91204

Description

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 and private 200+ square foot back patios are being finished. 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 to maximize cash flow. With a mix of New Construction and Major Capital Improvements all around, 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 in one of the strongest rental markets in the country.

Property Information

Property type

Residential Income

Year built

2026

Stories

1

Living area

2,040 Sq Ft

Lot size

0.15 acres

Parking spaces

1

Zoning

GLR4YY

Days on market

26

MLS^® Listing#

26999865

Property Features

Appliances

Dishwasher · Disposal · Gas Range · Refrigerator · Vented Exhaust Fan · Dryer

Cooling

Central Air

Heating

Heat Pump

Flooring

Laminate

Parking

Assigned · Direct Access · Driveway · Garage · Deck

Roof

Composition · Shingle

Security

Carbon Monoxide Detector(s) · Smoke Detector(s)

Financial Details

HOA

None

Parcel number

5695016023

Directions

1 block north of Colorado Blvd