3535 Martin Luther King Jr Boulevard, Lynwood

$950,000

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0.17

Acres

About 3535 Martin Luther King Jr Boulevard

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%.

Features of 3535 Martin Luther King Jr Boulevard

MLS® # SR17223206
Price $950,000
Bathrooms 0.00
Acres 0.17
Year Built 1962
Type Commercial Sale
Sub-Type Mixed Use
Status Active Under Contract

Community Information

Address 3535 Martin Luther King Jr Boulevard
Area RM - Lynwood
City Lynwood
County Los Angeles
Zip Code 90262

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Has Basement No
Fireplace No
# of Stories 2

Exterior

Lot Description Corner Lot

Additional Information

Date Listed September 26th, 2017
Days on Market 2431
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJay Martinez
OfficeHudson Commercial Partners, Inc.

Listing Map

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