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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(s):
Residential Income
| Last Updated | 3/20/2025 | Year Built | 1988 |
|---|---|---|---|
| Community | Glendale-South of 134 Fwy | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Dryer, Washer |
| AREA | Glendale-South of 134 Fwy |
| GARAGE | Covered, Gated |
| HEAT | Central |
| LOT | 5956 sq ft |
| LOT DIMENSIONS | 50x120 |
| PARKING | Covered,Gated |
| STORIES | 1 |
| ZONING | GLR4YY |
Location
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Listed with Marcus & Millichap
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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