It looks like midget racing had several venues in the Valley--the Crescenta Valley Quarter Midget Association got approval for a track on Glendale city property at the western end of Colorado St and San Fernando Road in July 1956...(that green '56 Ford Parklane looks new...the other cars are '55 Fords...the pink one is a '55 Dodge that could be a rare LaFemme, but I doubt any of these guys would have been caught dead driving one...but I digress). I couldn't find it, but the building in the background might have been on San Fernando Rd--there are RR tracks and the river looking west from its intersection with Colorado Street, and there is a park just southeast of that junction today...
Then there was this in the LAT a few months later--
Maybe the Encino Velodrome is on the site of the Midget oval....