Address
3535 Martin Luther King Jr Boulevard Lynwood, CA
Price
$ 950,000
Property Attributes
  • MLS#SR17223206
  • TypeContingent
  • CountyLOS ANGELES
  • CityLynwood
  • AreaLynwood
  • Zip90262
  • StyleMixed Use
  • Price$ 950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Jay Martinez with Hudson Commercial Partners, Inc.
Data Source:
Crisnet
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%.

Price History
4/2/2020 Listed $950,000

General Features

Heating Forced Air
MLS Area RM - Lynwood
Property SubType Mixed Use
Property Type Commercial Sale

Interior Features

Heating Y/N Yes
Laundry Features Outside

Exterior Features

Lot Features Corner Lot
Lot Size Acres 0.17
Lot Size Area 7247
Lot Size Source Assessor
Lot Size Square Feet 7247
Lot Size Units Square Feet
Water Source Private

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90262

Price
AVG $640K
$950K
Visits
AVG 94
35
Year Built
AVG 1946
1962
Walkscore
AVG 73
86
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.