Under contract
Active Under Contract
3535 Martin Luther King Jr Boulevard
Lynwood CA, 90262
$950,000
$203.38 per sqft
Under contract
Active Under Contract
4,671 sqft
Commercial
Built in 1962
Listed by Jay Martinez with Hudson Commercial Partners, Inc. 310-658-3375
Hudson Partners has been exclusively retained to market the sale of this mixed-use opportunity. The Seller has vacated the second floor which is a legal three bedroom and two bath apartment, but being used a 4 bedroom with a single family home layout.
Buyer has a live/work opportunity or allowing an Investor to rent out at market rents. There is a +/- 550 sf two-car garage which Seller will vacate as well. This additional structure can be leased out providing another supplemental income stream. The first floor has three street level tenants, two Central American restaurants, and a Barbershop in the middle. An Investor can achieve over an 8 Cap Rate, with reasonable market rent assumptions. On the other hand, a retail business operator can purchase this property with 80% Owner-user conventional financing, if their intentions are to occupy the premises with the required percentage of 35%.
SR17223206
MLSⓇ ID
September 26, 2017
Listed
October 4, 2024
Updated
Map
3535 Martin Luther King Jr Boulevard
Lynwood CA, 90262
Interior Features
Total Stories
2
Laundry Description
Outside
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.17 Acres
Lot Features
Corner Lot
Other Property Details
Area Name
RM - Lynwood
Days on Market
2513
Garage
No
View
No
County
Los Angeles
Water Source
Private
Pool
No
Listing Contact: 310-658-3375
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/4/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/4/2024 at 2:07 AM UTC