3535 Martin Luther King Jr Boulevard Lynwood, CA ^$ 950,000

3535 Martin Luther King Jr Boulevard

^$ 950,000

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3535 Martin Luther King Jr Boulevard

Lynwood, CA, 90262

^$ 950,000

Studio Baths0.0 Sq 4,671

Monthly Estimate*

^$ 6,636

Listed by Hudson Commercial Partners, Inc.

3535 Martin Luther King Jr Boulevard, Lynwood, CA 90262 - Image 1

Studio

Commercial Property for sale in Lynwood, CA

for $950,000. This 4,671 square foot building was built in 1962 on a lot size of 0.1664.

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%.

Commercial Active

Price

^$ 950,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

MixedUse

Lot Size

0.1664

Year Built

1962

Town/City

Lynwood

County/Region

Los Angeles

MLS | Web ID

SR17223206

Days on Market

2,401

Features

General

Heating ForcedAir

Year Built 1962

Property SubType MixedUse

County Los Angeles

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status ActiveUnderContract

Directions 3 point intersection

City Lynwood

View Y/N N

Senior Community Y/N N

MLS Area RM - Lynwood

Lot Size Square Feet 7247.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Martin Luther King Jr

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 2269

Building Area Units SquareFeet

Standard Status ActiveUnderContract

Occupancy Description Vacant

Property Sub Type Additional MixedUse

Exterior

Lot Features CornerLot

Water Source Private

Lot Size Area 7247.0

Spa N

Building Area Total 4671.0

Lot Size Acres 0.1664

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Street Suffix Boulevard

Laundry Features Outside

Electric On Property Y/N N

Internal Only

Street Number 1 3535

* Excluded Features

List By

Hudson Commercial Partners, Inc.

Broker

(310) 658-3375

Phone

Affordability Calculator

$6,636

Per Month

Monthly Principal & Interest: $6,636
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Lynwood, CA

Average List Price ^$1,026,000

Percent of Sale Price 8%

About Lynwood, CA

71,032 Population

1% Since 2002

^$45,933 Median Income

31.13 Median Age

51% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/12/2023	$950,000		Listed Price

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3535 Martin Luther King Jr Boulevard, Lynwood, CA, 90262 is a Commercial Property for sale at $950,000 with 4,671 sqft and a lot size of 0.1664. 3535 Martin Luther King Jr Boulevard is a studio with 0.0 baths and was built in 1962. The property's zip code is 90262 which is in Lynwood, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/10/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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3535 Martin Luther King Jr Boulevard

Commercial Property for sale in Lynwood, CA

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