USACAGlendale516 W Lexington Dr
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516 W Lexington Dr, Glendale, CA

Real Estate

For Sale

Listed price in listed location currency (USD).
$1,449,000

004

MLS® GD26036367

Open House
Wed Feb 25, 6:00-9:00 PM UTC
  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage No
Taxes 
Days Active 1
Lot Size 0.1412 acres
Approx. Age 1926
MLS® Number GD26036367

Property Address: 516 W Lexington Dr, Glendale, CA, 91203-3032

Average square foot calculated using Size range provided by listing agent.

Description

RE/MAX Tri-City Commercial presents a rare value-add opportunity at 516 W Lexington Drive, Glendale, CA 91203, A 4-unit multifamily property located in Glendale highly sought-after Northwest rental sub market. The property consists of four (4) one-bedroom / one-bathroom units situated on an approximately 6, 149 square foot lot with Five (5) on-site parking spaces. The property offers classic Glendale character with strong repositioning potential. Located just moments from The Americana at Brand, Glendale Galleria, the 134 Freeway, major employment corridors, retail, dining, and public transit. One unit is currently vacant, and a second unit may become vacant prior to close of escrow (not guaranteed), allowing an investor or owner-user the opportunity to implement upgrades and adjust rents early in the hold period. Current rents are below projected market levels, offering a clear path to increased income. At market rents, the property achieves an estimated 5.6% cap rate. Additionally, the lot configuration suggests potential to add one to two Accessory Dwelling Units (ADUs), subject to buyer verification with the City of Glendale. All Offers are due 2.27.2026 10 AM. One unit can be shown and it will be open during broker open house. All ofers shall be emailed to [email protected] with proof of funds and lender prequel letter.
MLS® NumberGD26036367
Laundry LevelNone
Central VacNo
FireplaceNo
Acreage0.1412
Exterior
GarageNo
Approx. Age1926
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 18, 2026List Date
$1,449,000List Price
  • Commute

Commute

Starting Address
Destination Address
516 W Lexington Dr, Glendale, CA

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