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
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of January 25, 2021 6:29 PM UTC 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. 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, 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.
