Four-Unit Multifamily
516 W Lexington Glendale, CA 91203
516 W Lexington, Glendale, CA, 91203
Contact for pricing
For Sale
Contact for pricing
Pending
Four one-bedroom, one-bath units with five on-site parking spaces, including one currently vacant unit.
Lot Size0.14 Acres
Days on Market154
Property Features for 516 W Lexington
General Information
- Standard status
- Pending
- Lot size
- 0.14 Acres
- Property subtype
- Multifamily
Listing agency
RE/MAX TriCity Realty
Listed by
arthur mangassarian · License #CA 000751703
Source
Crexi
Added: Feb 18 Updated: Jul 22 at 1:01PM Checked: Jul 22 at 1:01PM
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Investment Insights
Based on property information with market context.
A four-unit multifamily property offering four one-bedroom, one-bathroom units. The building includes five on-site parking spaces, and one unit is currently vacant. The property is positioned for upgrades and rent adjustments during the hold period, with the potential for a second unit to become vacant prior to close of escrow (not guaranteed).
Located in Glendale’s Northwest rental submarket, the property is close to The Americana at Brand and Glendale Galleria, with access to the 134 Freeway, major employment corridors, retail, dining, and public transit.
Per the provided information, current rents are below projected market levels, and at market rents the property is estimated to achieve a 5.6% cap rate. The lot configuration also suggests potential to add one to two Accessory Dwelling Units (ADUs), subject to buyer verification with the City of Glendale.
Located in Glendale’s Northwest rental submarket, the property is close to The Americana at Brand and Glendale Galleria, with access to the 134 Freeway, major employment corridors, retail, dining, and public transit.
Per the provided information, current rents are below projected market levels, and at market rents the property is estimated to achieve a 5.6% cap rate. The lot configuration also suggests potential to add one to two Accessory Dwelling Units (ADUs), subject to buyer verification with the City of Glendale.
Key Highlights
- 4‑unit multifamily with four 1‑bedroom / 1‑bath units
- Approximately 6,149 SF lot with 5 on‑site parking spaces
- One unit currently vacant; a second unit may become vacant prior to close of escrow (not guaranteed)
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four one-bedroom, one-bath units with five on-site parking spaces, including one currently vacant unit.
Where is this quadplex located?
The property is located at 516 W Lexington Glendale, CA.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: 4‑unit multifamily with four 1‑bedroom / 1‑bath units; Approximately 6,149 SF lot with 5 on‑site parking spaces; One unit currently vacant; a second unit may become vacant prior to close of escrow (not guaranteed)
