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516 W Lexington
For Sale $1,449,000
$1,449,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 6,151 Sq Ft
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 arthurmangre@gmail.com with proof of funds and lender prequel letter.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Upcoming Open House
Wednesday February 25th, 2026
from 10:00 am - 1:00 pm
Property Details
| List Price | $1,449,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1926 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 5637012059 |
| MLS # | GD26036367 |
| Property ID | 322606437 |
| Lot Sqft | 6,151 |
| Zoning | Unknown |
| Total Units | 4 |
| Days on Market | 2 |
| Original List Price | $1,449,000 |
| Applicances | Disposal,Gas Water Heater% |
| Date Updated | February 19, 2026 |
| Date Created | February 18, 2026 |
Listing Provided By
Arthur Mangassarian an agent of . Lic #00751703
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 19, 2026 The information being 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.
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Robert Crawford
REAL ESTATE AGENT