515 W Lexington Drive
Glendale, CA 91203
- – beds
- – baths
- – sqft
- 5,956 sqft lot
- 1988 build
- – on site
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.
Last checked:
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Last updated Mar 20, 2025
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MLS# 25514445 —
The Building
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Year Built:1988
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New Construction:No
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Building Area Total:4642.00
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Total Number Of Units:6
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# of Buildings:1
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Stories Total:1
Interior
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Levels:Multi/Split
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Entry Location:Ground Level - no steps
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Laundry:Washer Included, Dryer Included
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Laundry:1
Location
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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.
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Latitude:34.15181800
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Longitude:-118.26522600
The Property
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Property Type:Residential Income
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Zoning:GLR4YY
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Lot Size Area:5956.0000
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Lot Size Dimensions:50x120
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Lot Size Acres:0.1367
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Lot Size SqFt:5956.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5637013048
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Appliances
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Appliances:Disposal
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Covered, Gated
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Parking Spaces:10.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/20/25
Mar 20, 2025
|
Listed / Active | CRMLS_CA | $2,650,000 |
