$950,000
3535 Martin Luther King Jr Boulevard
Lynwood, CA 90262
—
Beds
—
Baths
7,248
Square feet
1962
Built
Listing narrative
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 Details
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Price
$950,000
Beds
Beds n/a
Type
Commercial
MLS subtype
Mixed Use
Home Size
7,248 sqft
Baths
Baths n/a
Lot Size
0.17 acres
Year
1962
Neighborhood
Southeast LA
Status
Pending
Days on Market
3329
$ / Sqft
$131
Courtesy of Hudson Commercial Partners, Inc.






