516 W Lexington, Glendale, CA 91203

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
516 W Lexington,Glendale, CA 91203
$1,449,000
  • - Beds
  • - Baths
  • 2,592 sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Wed, Feb 25
    10:00 am - 01:00 pm
Listed by: arthur mangassarian
Office: re/max tri-city realty
MLS#:GD26036367
Source:CRMLS

Price summary

  • Price:$1,449,000
  • Price per sq. ft.:$559.03

About this home

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

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Home facts

  • Year built:1926
  • Listing ID #:GD26036367
  • Added:2 day(s) ago
  • Updated:February 21, 2026 at 02:34 PM

Rooms and interior

  • Living area:2,592 sq. ft.

Heating and cooling

  • Cooling:Gas

Structure and exterior

  • Year built:1926
  • Building area:2,592 sq. ft.
  • Lot area:0.14 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,449,000
  • Price per sq. ft.:$559.03
Based on information from California Regional Multiple Listing Service, Inc. as of February 21, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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