3535 Martin Luther King Jr Boulevard

    Lynwood, CA 90262
    • $950,000
    • STATUS: Active Under Contract
    • ON SITE: 644 days
    • ID#: SR17223206
    Under Contract
    UPDATED: 36 min ago
    $950,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,671
      SQFT
    • $203
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    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%.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-20T19:35:51.477. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/77725329

    3535 Martin Luther King Jr Boulevard Lynwood, CA 90262

    • Price: $950,000
    • Status: Active Under Contract
    • Updated: 36 min ago
    • ID#: SR17223206
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,671
    SQFT
    $203
    $/SQFT
    1962
    Built
    Neighborhood:
    RM - Lynwood
    County:
    Los Angeles
    Area:
    RM - Lynwood
    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%.
    Exterior Features

    Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Heating Forced Air Heating YN Yes Laundry Features Outside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Land Lease YN No Laundry YN Yes Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Mixed Use Special Listing Conditions Standard Water Source Private

    Listing provided courtesy of Jay Martinez of Hudson Commercial Partners, In


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-20T19:35:51.477. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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