3535 Martin Luther King Jr Boulevard, Lynwood

$950,000

Click the arrows next to the image to browse our photo gallery for this property.

0 Bed
0 Bath
.17 Acre
0 Garage

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%.

Essential Information

MLS® #
SR17223206
Price
$950,000
Bathrooms
0.00
Acres
0.17
Year Built
1962
Type
Commercial Sale
Sub-Type
Mixed Use
Status
Active Under Contract

Community Information

Area
RM - Lynwood
City
Lynwood
County
Los Angeles
Zip Code
90262
Senior Community
N

Address

3535 Martin Luther King Jr Boulevard

Interior

Heating
Forced Air
# of Stories
2

Exterior

Lot Description
Corner Lot

Additional Information

Date Listed
September 26th, 2017
Days on Market
2414

Listing Details

Agent
Jay Martinez

Office

Hudson Commercial Partners, Inc.

LISTING MAP

Get directions to this property:

Based on information from California Regional Multiple Listing Service, Inc. as of May 6th, 2024 at 1:20am PDT. 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, 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.