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    471 W Lexington Drive

    Glendale, CA 91203
    • $1,299,999
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: 320003052
    UPDATED: 130 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

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    Based on information from CRISNet MLS as of 2020-09-23T23:56:09.693. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-09-23T23:56:09.693. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/109438403
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    471 W Lexington Drive Glendale, CA 91203

    • Price: $1,299,999
    • Status: Active
    • Updated: 130 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 Levels One Lot Size Area 7345.0000 Number Of Rented Garages 0 Parking Total 6.00 View YN No

    Interior Features

    Fireplace YN No Flooring See Remarks

    Property Features

    Association YN No Electric Expense 0.00 Fuel 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 Laundry Income 0.00 Maintenance Expense 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 Operating Expense 0.00 Operating Expense Percent 0.00 Pest Control Expense 0.00 Pool Expense 0.00 Pool Private YN No Professional Management Expense 0.00 Spa YN No Special Listing Conditions Standard Total Expenses 0.00 Trash Expense 0.00 Water Sewer Expense 0.00 Zoning R1650

    Listing provided courtesy of Vartan Markarian, CA DRE# , of Markarian Realty.


    Based on information from CRISNet MLS as of 2020-09-23T23:56:09.693. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-09-23T23:56:09.693. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377