CA
Los Angeles
Lynwood
90262
3535 Martin Luther King Jr Boulevard
3535 Martin Luther King Jr Boulevard, Lynwood, CA 90262
Listing Type
Commercial/Industrial
Listing Status
active
1
$950,000

Home Details for 3535 Martin Luther King Jr Boulevard

Price
$950,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
0.0
Square feet
4671
Year built
1962
Lot size acres
0.1664
County
Los Angeles
Garage
Days on site
2684
MLS Listing#
SR17223206
Listing Courtesy: Juan Jr. Martinez - 310-658-3375
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%.

Property Features
  • Heating Information
    • Forced Air
  • Water Features
    • Private
. Presented by: Jay Martinez
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-31 08:52:33 and/or other sources. 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.
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Median Listing Price
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Median Square Feet
Market statistics compiled from data from California Regional MLS.
EXIT ALLIANCE REALTY
43521 Ridge Park Suite 201, Temecula, CA 92590
CA DRE# 01924483. Shawn Sorensen broker.
Karen Totty
REALTOR
Office
951 639 8777
Agent
951 970 5087
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