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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 open house. All offers shall be emailed to arthurmangre@gmail.com with proof of funds and lender prequel letter.
Property Type(s):
Residential Income
| Last Updated | 2/18/2026 | Year Built | 1926 |
|---|---|---|---|
| Community | 628 - Glendale-South of 134 Fwy | County | Los Angeles |
Additional Details
| AIR | Gas |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Gas Water Heater |
| AREA | 628 - Glendale-South of 134 Fwy |
| FIREPLACE | Yes |
| LOT | 6151 sq ft |
| LOT DIMENSIONS | 6151 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Re/Max Tri-City Realty
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.
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