471 W Lexington Drive, Glendale, CA 91203
Commercial property · 2 recorded sales since 2021
Sold January 2021
Listing Agent: Vartan Markarian (DRE #01059771) · Listing Office: Markarian Realty · Contact: 818-248-8668 · Bought with: Arutyun Kostikyan · HK Realty · MLS #320002917 · Source: CRMLS
About this commercial property
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! Everything in this area sells quickly, priced right and will not last long in this market.
Listing description from the January 2021 sale, as reported to CRMLS.
Sale history
