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Pending

$950,000

7,248 sqft$131/sqft3329 days on market

3535 Martin Luther King Jr Boulevard

Lynwood, CA 90262

· 8% down, 7% APR, 30yr fixed

—

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%.

Listing agent (MLS): Jay Martinez · Listing brokerage (MLS): Hudson Commercial Partners, Inc.

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

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

· 8% down, 7% APR, 30yr fixed
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Courtesy of Hudson Commercial Partners, Inc.