$950,000
0.17 Acre Lot

3535 Martin Luther King Jr Boulevard, Lynwood, California 90262

  • Commercial Sale Property Type
  • 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
For Sale
SR17223206
$950,000
1962
0.17 Acre
Active Under Contract
Mixed Use
Features
: Forced Air
: Outside
$0
Address Map
CA
Los Angeles
Lynwood
90262
Martin Luther King Jr
3535
Boulevard
W119° 47' 32.8''
N33° 56' 10.9''
3 point intersection
RM - Lynwood
Additional Information
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$0
$0
$0
$0
4671
: Corner Lot
2017-09-26
2
: Private
Broker/Agent Information
Hudson Commercial Partners, Inc.
Jay Martinez
Listing Information
SR207060606
SR0103100
Active Under Contract
2024-09-30T18:46:42Z
CRMLS
: Standard
2017-10-17T16:36:21Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069