Glendale, CA 91203,471 W Lexington DR
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Glendale, CA 91203,471 W Lexington DR
Glendale, CA 91203,471 W Lexington DR
Glendale, CA 91203,471 W Lexington DR
Glendale, CA 91203,471 W Lexington DR

$1,230,000

Est. payment /mo

$1,299,999

5.4%
Est.Price: ?

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471 W Lexington DR Glendale, CA 91203

2,552 SqFt

SOLD DATE : 01/20/2021

Key Details

Sold Price $1,230,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,552 sqft

Price per Sqft $481

Subdivision Not Applicable-105

MLS Listing ID 320003052

Sold Date 01/20/21

HOA Y/N No

Year Built 1921

Lot Size 7,344 Sqft

Acres 0.1686

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 Galleria. Corner Market has amazing 4.5 star Yelp reviews and is a neighborhood favorite! Option to built 4 or 5 units Everything in this area sells quickly, priced right and will not last long in this market.

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Zoning R1650

Interior

Fireplace No

Exterior

Garage Spaces 6.0

Garage Description 6.0

View Y/N No

Private Pool No

Building

Entry Level One

Level or Stories One

New Construction No

Others

Tax ID 5637020038

Acceptable Financing Cash, CashtoNewLoan

Listing Terms Cash, CashtoNewLoan

Financing CashtoLoan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Vartan Markarian • Markarian Realty
Bought with Arutyun Kostikyan • HK Realty

Julian Park

Broker, Loan Officer | License ID: 02018567

+1(818) 390-3265

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