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1204 E Lexington Dr 15 Unit Apartment Building $5,100,000 ($340,000/Unit) Glendale, CA 91206
Executive Summary
## **For Sale: Prime 15-Unit Multifamily Investment in Glendale, CA**
**1204 E. Lexington Drive, Glendale, CA 91206**
Discover a rare investment opportunity in the heart of one of Southern California’s most sought-after rental markets. **1204 E. Lexington Drive** is a well-maintained **15-unit apartment building** located in the desirable city of **Glendale**, offering strong in-place income, long-term upside potential, and a location that’s second to none.
### **Property Highlights**
- ?? **15 Total Units** – A mix of spacious 1 and 2-bedroom apartments
- ?? **Estimated Building Size**: ~12,000 SF (Buyer to verify)
- ?? **Lot Size**: Approximately 12,400 SF
- ?? **Parking**: Gated surface and tuck-under parking available
- ?? **Onsite Laundry Facility** and individual unit gas/electric meters
- ??? **Well-maintained property** with recent updates (select units)
### **Investment Highlights**
- ? **Stabilized asset** with significant rental upside as leases turn
- ?? **Strong rental demand** in a supply-constrained market
- ??? **High-demand location** near Americana at Brand, Downtown Glendale, and major employment centers
- ?? Value-add opportunity through interior renovations and operational optimization
- ?? Ideal for investors seeking long-term cash flow and future appreciation
### **Location Benefits**
- ?? Central Glendale location with walkability to shops, cafes, and services
- ?? Easy access to freeways (134, 2, 5) for commuting to Downtown LA, Burbank, and Pasadena
- ?? Proximity to highly rated schools and city parks
- ?? A+ neighborhood with a mix of owner-occupied homes and multifamily buildings
---
**1204 E. Lexington Drive** represents a rare chance to acquire a stabilized, income-generating asset in one of the most competitive rental submarkets in Los Angeles County. Whether you're expanding your portfolio or executing a 1031 exchange, this property checks all the boxes for location, growth, and long-term value.
?? **Contact us today** for a full offering memorandum, rent roll, and private tour.
**1204 E. Lexington Drive, Glendale, CA 91206**
Discover a rare investment opportunity in the heart of one of Southern California’s most sought-after rental markets. **1204 E. Lexington Drive** is a well-maintained **15-unit apartment building** located in the desirable city of **Glendale**, offering strong in-place income, long-term upside potential, and a location that’s second to none.
### **Property Highlights**
- ?? **15 Total Units** – A mix of spacious 1 and 2-bedroom apartments
- ?? **Estimated Building Size**: ~12,000 SF (Buyer to verify)
- ?? **Lot Size**: Approximately 12,400 SF
- ?? **Parking**: Gated surface and tuck-under parking available
- ?? **Onsite Laundry Facility** and individual unit gas/electric meters
- ??? **Well-maintained property** with recent updates (select units)
### **Investment Highlights**
- ? **Stabilized asset** with significant rental upside as leases turn
- ?? **Strong rental demand** in a supply-constrained market
- ??? **High-demand location** near Americana at Brand, Downtown Glendale, and major employment centers
- ?? Value-add opportunity through interior renovations and operational optimization
- ?? Ideal for investors seeking long-term cash flow and future appreciation
### **Location Benefits**
- ?? Central Glendale location with walkability to shops, cafes, and services
- ?? Easy access to freeways (134, 2, 5) for commuting to Downtown LA, Burbank, and Pasadena
- ?? Proximity to highly rated schools and city parks
- ?? A+ neighborhood with a mix of owner-occupied homes and multifamily buildings
---
**1204 E. Lexington Drive** represents a rare chance to acquire a stabilized, income-generating asset in one of the most competitive rental submarkets in Los Angeles County. Whether you're expanding your portfolio or executing a 1031 exchange, this property checks all the boxes for location, growth, and long-term value.
?? **Contact us today** for a full offering memorandum, rent roll, and private tour.
Property Facts
| Price | $5,100,000 | Building Class | C |
| Price Per Unit | $340,000 | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 20,402 SF |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 0.74/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | GLR4YY - Multiple Dwelling | ||
| Price | $5,100,000 |
| Price Per Unit | $340,000 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 20,402 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 0.74/1,000 SF |
| Zoning | GLR4YY - Multiple Dwelling |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 600 |
| 1+1 | 5 | - | 750 |
| 2+1 | 5 | - | 1,000 |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (73)
Property Taxes
| Parcel Number | 5645-014-032 | Improvements Assessment | $313,803 |
| Land Assessment | $112,015 | Total Assessment | $425,818 |
Property Taxes
Parcel Number
5645-014-032
Land Assessment
$112,015
Improvements Assessment
$313,803
Total Assessment
$425,818
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1204 E Lexington Dr
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