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3535 Martin Luther King Jr Boulevard

Lynwood, CA 90262
  • $950,000
  • STATUS: Active Under Contract
  • ON SITE: 1808 Days
  • ID#: SR17223206
Under Contract
UPDATED: 57 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

Listing Agent(s): Jay Martinez of Hudson Commercial Partners, Inc. (310-658-3375)


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 2022-09-26T13:30:28.45. 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 or Ivan and Maria | Real Estate One. Licensed in the State of California, USA.
www.ivanandmaria.com/homes/77725329
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3535 Martin Luther King Jr Boulevard Lynwood, CA 90262

  • Price: $950,000
  • Status: Active Under Contract
  • On Site: 1808 Days
  • Updated: 57 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

Interior Features

Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Land Lease YN No Laundry Features Outside Listing Agreement Exclusive Right To Sell Property Sub Type Mixed Use Special Listing Conditions Standard Water Source Private



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-26T13:30:28.45. 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 or Ivan and Maria | Real Estate One. Licensed in the State of California, USA.
 
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Ivan and Maria | Real Estate One
3400 Central Ave Suite 320
Riverside CA, 92506
Listing Agent(s): Jay Martinez of Hudson Commercial Partners, Inc. (310-658-3375)