Skip To Content
    Return to Previous Page

    471 W Lexington Drive

    Glendale, CA 91203
    • $1,299,999
    • STATUS: Active Under Contract
    • ON SITE: 97 days
    • ID#: 320003052
    Under Contract
    UPDATED: 46 min ago
    $1,299,999
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,552
      SQFT
    • $509
      $/SQFT
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    This property shows pride in ownership! This is an excellent investment/owner user opportunity by owning your own business with the property. Being a neighborhood grocery store and an essential business, this has truly been a life savior for the people living in the neighborhood. Corner Market this a lovely neighborhood grocery store about 1190 sqft with additional 450 sqft storage. The back has a two bedroom house and is renter occupied. Which gives an additional income of $2000/ month and has a two car parking spot. The 450 sqft storage and the two car garage that belongs to the grocery store can be converted to an ADU (accessory dwelling unit) or guest house. $600/ month additional income from the water vending machine that can have a potential income of $1200/ month if owned by the grocery store. Total monthly income can be from $7000 to $8500/month. Centrally located to downtown Glendale, Americana and Galleria, downtown Montrose, Old Town Pasadena and the Rose Parade. Close to GCC, PCC and Cal Tech, downtown LA and Hollywood attractions and theaters like Music Center, Disney Concert Hall, Nokia Theatre, Dolby, Pantages Theaters, Staples Center, LA Live, etc. This property is just a few blocks from Downtown Glendale, the Americana and Glendale

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-03T10:28:01.68. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/109436397
    Print Image

    471 W Lexington Drive Glendale, CA 91203

    • Price: $1,299,999
    • Status: Active Under Contract
    • Updated: 46 min ago
    • ID#: 320003052
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,552
    SQFT
    $509
    $/SQFT
    1921
    Built
    Neighborhood:
    628 - Glendale-South of 134 Fwy
    County:
    Los Angeles
    Area:
    628 - Glendale-South of 134 Fwy
    Property Description
    This property shows pride in ownership! This is an excellent investment/owner user opportunity by owning your own business with the property. Being a neighborhood grocery store and an essential business, this has truly been a life savior for the people living in the neighborhood. Corner Market this a lovely neighborhood grocery store about 1190 sqft with additional 450 sqft storage. The back has a two bedroom house and is renter occupied. Which gives an additional income of $2000/ month and has a two car parking spot. The 450 sqft storage and the two car garage that belongs to the grocery store can be converted to an ADU (accessory dwelling unit) or guest house. $600/ month additional income from the water vending machine that can have a potential income of $1200/ month if owned by the grocery store. Total monthly income can be from $7000 to $8500/month. Centrally located to downtown Glendale, Americana and Galleria, downtown Montrose, Old Town Pasadena and the Rose Parade. Close to GCC, PCC and Cal Tech, downtown LA and Hollywood attractions and theaters like Music Center, Disney Concert Hall, Nokia Theatre, Dolby, Pantages Theaters, Staples Center, LA Live, etc. This property is just a few blocks from Downtown Glendale, the Americana and Glendale
    Exterior Features

    Carport Spaces 0.00 Foundation Details See Remarks Garage Spaces 6.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Private YN No Spa YN No View YN No

    Interior Features

    Average Studio Area 0 Average1 Bed Area 0 Average2 Bed Area 0 Average3 Bed Area 0 Fireplace YN No Flooring See Remarks Levels One

    Property Features

    Association YN No Cable Tv Expense 0.00 Cap Rate 0.00 Country Us Electric Expense 0.00 Fuel Expense 0.00 Furniture Replacement Expense 0.00 Garage Income 0.00 Gross Equity 0 Gross Income 0.00 Gross Multiplier 0.00 Gross Operating Income 0.00 Gross Scheduled Income 0.00 Gross Spendable Income 0.00 Improvements Amount 0 Improvements Percent 0.00 Insurance Expense 0.00 Land Lease Amount 0.00 Land Value 0 Land Value Percent 0.00 Laundry Income 0.00 Licenses Expense 0.00 Maintenance Expense 0.00 Maintenance Percent 0.00 Net Operating Income 0.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 0 Number Wall AC 0 Number With Carpet 0 Number With Dishwasher 0 Number With Disposal 0 Number With Drapes 0 Number With Patio 0 Number With Range 0 Number With Refrigerator 0 Operating Expense 0.00 Operating Expense Percent 0.00 Other Expense 0.00 Other Income1 0.00 Other Income2 0.00 Personal Property Amount 0 Personal Property Percent 0.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 0.00 Security Expense 0.00 Sold Cap Rate 0.00 Special Listing Conditions Standard Supplies Expense 0.00 Tax Rate 0.00 Taxes Percent 0.00 Total Actual Rent 0.00 Total Expenses 0.00 Trash Expense 0.00 Vacancy Allowance 0 Vacancy Allowance Rate 0.00 Walk Score 0 Water Sewer Expense 0.00 Workmans Compensation Expense 0.00 Zoning R1650

    Listing provided courtesy of Vartan Markarian of Markarian Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-03T10:28:01.68. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364688011-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364688011-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364688011-1.jpg
    Logo
    Legacy 15 Real Estate Brokers
    22521 Avenida Empresa Suites 100 & 102
    Rancho Santa Margarita CA, 92688