Property Details
About this Property
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@gm
MLS Listing Information
MLS #
CRGD26036367
MLS Source
California Regional MLS
Days on Site
2
Interior Features
Appliances
Garbage Disposal, Other
Flooring
Laminate
Laundry
None
Cooling
Central Forced Air - Gas
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 648 | – | 0/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
516 W Lexington is a Residential Income in Glendale, CA 91203. This – square foot property sits on a 6,151 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,449,000 and was built in 1926. This address can also be written as 516 W Lexington, Glendale, CA 91203.
©2026 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of February 19, 2026. For the most current information, please contact Arthur Mangassarian, (818) 549-9000
