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$950,000
4,671 Sqft
7,247 Sqft lot

3535 Martin Luther King Jr Boulevard, Lynwood, California 90262

  • Commercial Sale Property Type
  • 2596 Days Time on market
  • $203 Price per sqft
  • 1962 Year Built
Property Description

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%.

Basic Details
Commercial Sale
Buy
SR17223206
$950,000
4,671 Sqft
1962
7,247 Sqft
Activeundercontract
Mixed Use
Condos/Co-ops
Features
: Forced Air
$0
Address
CA
Los Angeles
Lynwood
90262
3535 Martin Luther King Jr Boulevard
3535
Boulevard
0
W119° 47' 32.8''
N33° 56' 10.9''
Additional Information
2596
2
: Outside
4,671 Sqft
0 Sqft
0 Sqft
0.17 Sqft
7,247 Sqft
0 Sqft
6223003040
$0
$0
$0
$0
$0
$0
0 Sqft
1
0 Sqft
$0
1
13/11/2017 00:00:00
$0
: Standard
3 point intersection
Destrahan
Harry Hurst
Hudson Commercial Partners, Inc.
Jay Martinez
SR0103100
SR207060606
$0
2513
1
: Corner Lot
1
: Square Feet
1
: Square Feet
US-06037-N-6223003040-R-N
MixedUse
08/05/2023 21:26:02
Martin Luther King Jr
RM - Lynwood
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