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$950,000
2616 Days On Site

3535 Martin Luther King Jr Boulevard
Lynwood, CA 90262

For Sale|Mixed Use|Active Under Contract
0
Beds
0
Full Baths
0
Partial Baths
4,671
SqFt
$203
/SqFt
1962
Built
County:
Los Angeles
Listed by Jay Martinez of Hudson Commercial Partners, Inc. [email protected]

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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%.

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Listing Snapshot
Price 
$950,000
Days On Site 
2616 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,671 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1664 Acres
Year Built 
1962
MLS® Number 
SR17223206
Status 
Active Under Contract
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
7 years agoStatus changed to Active Under Contract
7 years agoListing updated with changes from the MLS®
7 years agoListing first seen on site
General Features
Acres 
0.1664
Number Of Stories 
2
Property Sub Type 
Mixed Use
Special Circumstances 
Standard
SqFt Total 
4671
Water Source 
Private
Interior Features
Heating 
Forced Air
Laundry Features 
Outside
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Exterior Features
Lot Features 
Corner Lot
Community Features
MLS Area 
RM - Lynwood


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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