Address
3535 Martin Luther King Jr Boulevard Lynwood, CA
Price
$ 950,000
Property Attributes
  • MLS#SR17223206
  • TypeContingent
  • CountyLOS ANGELES
  • CityLynwood
  • AreaLynwood
  • Zip90262
  • StyleMixed Use
  • Price$ 950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4671
Listing Provided Courtesy Of:
Jay Martinez with Hudson Commercial Partners, In.
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%.

Price History
10/13/2017 Listed $950,000

General Features

Directions 3 point intersection
Heating Forced Air
Listagentaor Southland
Listing Agent Jay Martinez - BRE#01954238
Listing Agent State License 01954238
MLS Area RM - Lynwood
Price Per Square Foot 203.38
Property SubType Mixed Use
Property Type Commercial Sale
Source System CRMLS
Special Listing Conditions Standard

Interior Features

Condo Area Unit Type Square Feet
Heating Y/N Yes
Laundry Features Outside
Total Stories 2

Exterior Features

Building Area Total 4671.00
Lot Size Source Assessor
Water Source Private

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90262

Price
AVG $630K
$950K
Visits
AVG 125
191
Year Built
AVG 1945
1962
Walkscore
AVG 81
79
Data Provided by Walkscore ® not using MLS data

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