CA > Glendale
Glendale, CA 91203,515 W Lexington DR
Glendale, CA 91203,515 W Lexington DR
Glendale, CA 91203,515 W Lexington DR
Glendale, CA 91203,515 W Lexington DR
Glendale, CA 91203,515 W Lexington DR
Glendale, CA 91203,515 W Lexington DR
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Rick Uttich Dawn Knowles

Rick Uttich Dawn Knowles

+1(805) 256-8765
$ 2,650,000
Est. payment | /mo

10 Beds

10 Baths

4,642 SqFt

Save
$ 2,650,000
Est. payment | /mo
Save

10 Beds

10 Baths

4,642 SqFt

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,642 sqft

Price per Sqft $570

MLS Listing ID 25514445

Bedrooms 10

HOA Y/N No

Year Built 1988

Lot Size 5,954 Sqft

Property 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.

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Zoning GLR4YY

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Disposal, Dryer, Washer

Exterior

Parking Features Covered, Gated

Total Parking Spaces 10

Building

Story 1

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5637013048

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Sevak Keshishian • Marcus & Millichap
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(805) 256-8765

rickanddawn805@gmail.com

Ventura, CA, 93003, USA

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515 W Lexington DR