3535 Martin Luther King Jr Boulevard, Lynwood, CA 90262
-
Listed Price :
$950,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1962
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%.
Interior Features
| Laundry Information |
| Location(s) |
Outside |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
3535 Martin Luther King Jr Boulevard |
| City |
Lynwood |
| State |
CA |
| Zip |
90262 |
| County |
Los Angeles |
| Listing Agent |
Jay Martinez DRE #01954238 |
| Courtesy Of |
Hudson Commercial Partners, Inc. |
| List Price |
$950,000 |
| Status |
Active Under Contract |
| Type |
Commercial |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
7,247 |
| Year Built |
1962 |
Listing information courtesy of: Jay Martinez, Hudson Commercial Partners, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:46 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
