Property Detail

Description

**Rare Glendale Bungalow Fourplex | Character Property | Stable Income | Long-Term Upside** Offered for the first time in years, **2018-2020 W. Glenoaks Boulevard** presents an exceptional opportunity to acquire a fully occupied fourplex in one of Glendale's most desirable rental markets. Priced at **$1,625,000**, this distinctive income property features **two detached California bungalow-style buildings**, creating the charm and privacy of individual homes while delivering the benefits of a multi-family investment. The front building offers **two spacious 2-bedroom, 1-bath residences**, while the rear building consists of **two 1-bedroom, 1-bath units**. The larger units showcase beautiful hardwood flooring, and each residence retains much of its original architectural character, including vintage kitchens, classic tile bathrooms, and original wood-framed windows. The property has been consistently maintained over the years, including the installation of a **new roof in January 2025**, providing an important capital improvement for the next owner. The property is **100% tenant occupied**, providing immediate and consistent rental income while offering long-term potential as units naturally turn over. The current unit mix consists of two 2-bedroom residences and two 1-bedroom residences with established in-place rents, making this an attractive opportunity for investors seeking stable cash flow combined with future income growth. Situated on a generously sized lot, the property also features a substantial side yard that may present future development opportunities, including the potential for additional units or ADU expansion, subject to buyer investigation and approval by the City of Glendale. Whether you're a **retail investor** looking for a well-located legacy asset, a **1031 exchange buyer** seeking to reinvest into one of Southern California's strongest rental markets, or a **developer** evaluating long-term possibilities, this property offers multiple avenues for value creation. Ideally located near **Downtown Glendale, The Americana at Brand, Glendale Galleria, Burbank's major media employers, Griffith Park, and convenient access to the 5 and 134 Freeways**, the location continues to support strong tenant demand and long-term appreciation. Character properties of this caliber with detached bungalow-style buildings, stable occupancy, recent capital improvements, and future development potential rarely become available. A unique opportunity to acquire a timeless Glendale investment with immediate income and enduring upside.**Current Monthly Rents:*** 2 Bedroom / 1 Bath $2,479* 2 Bedroom / 1 Bath $2,300* 1 Bedroom / 1 Bath $1,869* 1 Bedroom / 1 Bath $1,745* Buyer to independently verify all information, including but not limited to zoning, development potential, square footage, permits, lot dimensions, rental income, expenses, tenancy, ADU possibilities, and all aspects of the property through their own investigations with the appropriate professionals and governmental agencies.