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3535 Martin Luther King Jr Boulevard, Lynwood, CA 90262

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Listing Type
commercial/industrial
Listing Status
active
Explore Lynwood, CA
1
Overview
Features
Commute
Transportation
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Neighborhood
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$950,000

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Home Details for 3535 Martin Luther King Jr Boulevard

Price
$950,000
Type
commercial/industrial
Year Build
1962
Sq. Ft.
4671
Lot Size
0.17
County
Los Angeles
MLS Listing#
SR17223206
On exitrealty.com
1721 days

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%.

Property Features

EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA BRE# 01516899. Lorenzo Castillo Broker.
$950,000

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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA BRE# 01516899. Lorenzo Castillo Broker.