CA > Glendale
Glendale, CA 91203,515 W Lexington Dr
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Glendale, CA 91203,515 W Lexington Dr
Glendale, CA 91203,515 W Lexington Dr
Glendale, CA 91203,515 W Lexington Dr
Glendale, CA 91203,515 W Lexington Dr
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Anastasiya Richards

Anastasiya Richards

+1(510) 493-0442
$ 2,650,000
Est. payment /mo
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Active Under Contract

515 W Lexington Dr Glendale, CA 91203

10 Beds

10 Baths

4,642 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,642 sqft

Price per Sqft $570

MLS Listing ID 25514445

Bedrooms 10

Year Built 1988

Lot Size 5,956 Sqft

Acres 0.1367

Property Sub-Type Multi-Family

Property Description

We are pleased to present 515 W. Lexington Drive, a six-unit multifamily investment opportunity located in the Vineyard neighborhood of Glendale. This turn-key asset is the perfect opportunity for a "headache free" passive investment in high rental demand area. Constructed in 1988, 515 W. Lexington Drive comprises four two-bedroom/two-bathroom units and two one-bedroom/one-bathroom units. Sitting on a 5,954 square foot lot, the parcel is zoned R3050, making the existing six units irreplaceable with the current zoning. The 4,642 square feet of improvements boast two-bedroom units ranging between 800 and 835 square feet and one-bedroom units at 650 square feet. Five of the six units have been fully renovated, and all units have separate meters for gas and electricity along with individual water heaters and central HVAC and in-unit washer & dryers. The property offers ten parking spaces, ample storage cabinets for all tenants, owner's storage cabinets, and gated access. Recent capital improvements to the property also include a new roof, new parking gate, new intercom access system, new windows, and renovated walkways. Situated south of the 134 Freeway just east of Pacific Ave., 515 W Lexington is less than a mile from Downtown Glendale, the Americana and the Glendale Galleria making it an attractive asset to investors and prospective tenants looking to make this property their home. It is also within a half mile from the nearest on-ramp to the 134 Freeway, offering commuters ease of access to the I-5 Freeway, North Glendale, Burbank, Los Feliz, Pasadena and Downtown Los Angeles.

Location

State CA

County Los Angeles

Area Glendale-South Of 134 Fwy

Zoning GLR4YY

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Garbage Disposal, Washer, Dryer

Laundry In Unit

Exterior

Parking Features Covered Parking, Gated

Garage Spaces 10.0

Building

Story 1

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

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.

Listed by Marcus & Millichap

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Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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