516 W Lexington Glendale, CA 91203
6,150 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID GD26036367
HOA Y/N No
Year Built 1926
Lot Size 6,150 Sqft
Property Sub-Type Quadruplex
Property Description
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 3.3.2026 10 AM after open house on Sunday March 1st 2026 11 AM to 1 PM . One unit can be shown and it will be open during broker open house. All offers shall be emailed to arthurmangre@gmail.com with proof of funds and lender prequel letter.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Interior
Cooling Gas
Flooring Laminate
Fireplaces Type Living Room
Fireplace Yes
Appliance Disposal, Gas Water Heater
Laundry None
Exterior
Carport Spaces 4
Pool None
Community Features Curbs
Total Parking Spaces 4
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5637012059
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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