Lynwood, CA 90262 3535 Martin Luther King Jr Boulevard

Presented By: Jay Martinez with Hudson Commercial Partners, Inc.; 310-658-3375
  • MLS# SR17223206
  • 10/13/2017
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  • FootageSQFT • 4,671

Home Details

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%.
Presented By: Jay Martinez with Hudson Commercial Partners, Inc.; 310-658-3375

Interior Features for 3535 Martin Luther King Jr Boulevard

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesOutside
Street SuffixBoulevard
Total Stories2

General for 3535 Martin Luther King Jr Boulevard

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLynwood
CountyLos Angeles
Days on Market2269
Directions3 point intersection
Garage Y/NNo
HOA / Comm AssnNo
HeatingForcedAir
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet7247.0
MLS AreaRM - Lynwood
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy DescriptionVacant
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Street NameMartin Luther King Jr
View Y/NNo
Waterfront Y/NNo
Year Built1962

Exterior for 3535 Martin Luther King Jr Boulevard

Building Area Total4671.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.1664
Lot Size Area7247.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Open Parking Y/NNo
SpaNo
Water SourcePrivate

Additional Details

Price History

1527188455

First Team Client Services

Price $950,000
MLS#SR17223206
List Date 10/13/2017
Property Type Commercial
Phone 714.964.3311
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