516 W Lexington, Glendale, CA 91203

Glendale
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
516 W Lexington,Glendale, CA 91203
$1,449,000
  • 4 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: arthur mangassarian
Office: re/max tri-city realty
MLS#:GD26036367
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,449,000

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 rate. Additionally,...

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Home facts

  • Listing ID #:GD26036367
  • Added:50 day(s) ago
  • Updated:April 10, 2026 at 07:30 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4

Finances and disclosures

  • Price:$1,449,000
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