515 W Lexington Drive

Glendale, CA 91203

  • 10 Bed(s)
  • 0 Bath(s)
  • 4,642 Sqft
  • 5956
    Sqft(Lot)
$2,650,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49038077

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Property Details

  • Bedroom Information

    • Total Bedrooms : 10

    Bathroom Information

    • Total Baths: 10
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Disposal,Dryer,Washer

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

  • Building Information

    • Year Built: 1988
    • Building Area Total: 4,642

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1367
    • Lot Size Dimensions: 50x120
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 5956

  • Listing Price Information

    • Original List Price: 2,650,000
    • Listing Contract Date: 2025-03-20

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 5637013048

  • Garage and Parking

    • Garage Description: Covered,Gated

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active Under Contract
    • Source Neighborhood: 628 - Glendale-South of 134 Fwy
    • Postal Code Plus 4: 3017
    • Directions: US-101 S and CA-134 E/State Rte 134 E to N Pacific Ave in Glendale. Take exit 7A from CA-134 E/State Rte 134 E, Merge onto US-101 S, Take exit 7A for Pacific Ave, Continue on N Pacific Ave. Drive to W Lexington Dr, Turn right onto N Pacific Ave, Turn right onto W Lexington Dr. Destination will be on the right.
    • Zoning: GLR4YY
    • Source Property Type: Residential Income
    • Area: 628 - Glendale-South of 134 Fwy

    Building and Construction

    • Property Age: 37
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 4642
    • Entry Location: Ground Level - no steps
    • Levels or Stories: Multi/Split
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BuyOwner last updated this listing 04/05/2025 @ 14:56

  • MLS: 25514445
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 10 bedrooms which is recently sold, it has 4,642 sqft, 5,956 sized lot, and 0 parking. are nearby neighborhoods.