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516 Lexington, 
Glendale, CA 91203

$1,449,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Active

Listed by

Arthur Mangassarian

RE/MAX Tri-City Realty

Last updated:

February 27, 2026, 05:34 PM

MLS#

GD26036367

Source:

CAREIL

About This Home

516 Lexington

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 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 o

Home Facts

Multi-Family

Built in 1926

Price Summary

1,449,000

MLS #:

GD26036367

Last Updated:

February 27, 2026, 05:34 PM

Added:

10 day(s) ago

Structure

Structure

Year Built:

1926

Lot

Lot Size (Sq. Ft):

6,151

Finances & Disclosures

Finances

Price:

$1,449,000

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516 Lexington
Attend an upcoming open house
Sun, Mar 1
11:00 AM - 01:00 PM

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.