Lynwood, CA 90262,3535 Martin Luther King Jr BLVD
$950,000
Est. payment /mo
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7,248 Sqft Lot
Active Under Contract

3535 Martin Luther King Jr BLVD Lynwood, CA 90262

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Jennifer Gascon

Jennifer Gascon

+1(858) 382-0349

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SR17223206

HOA Y/N No

Year Built 1962

Lot Size 7,248 Sqft

Property Sub-Type Mixed Use

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%.

Location

State CA

County Los Angeles

Area Rm - Lynwood

Interior

Heating Forced Air

Fireplace No

Laundry Outside

Building

Lot Description Corner Lot

Story 2

Water Private

Others

Tax ID 6223003040

Special Listing Condition Standard

CRMLS – RECore
Listed by Jay Martinez Hudson Commercial Partners, Inc. 310-658-3375

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Kipp Comienza Community Preparatory

    Public | KG - 4

  • 9

    Anderson K - 8 School

    Public | KG - 8

  • 8

    Bryson Avenue School

    Public | KG - 5

  • 8

    Aspire Gateway Academy

    Public | KG - 5

  • 7

    Laurel Street Elementary School

    Public | PK - 8

  • 7

    Thomas Jefferson Elementary School

    Public | PK - 8

  • 6

    Ardella B. Tibby K-8 School

    Public | KG - 8

  • 6

    Aspire Titan Academy

    Public | KG - 5

  • 6

    Stanford Avenue Elementary

    Public | 1 - 5

  • 6

    Victoria Avenue Elementary

    Public | KG - 5

  • 6

    Mark Twain Elementary School

    Public | KG - 6

  • 6

    Washington Elementary School

    Public | KG - 6

  • 6

    Aspire Firestone Academy

    Public | KG - 5

  • 6

    William Jefferson Clinton Elementary School

    Public | KG - 8

  • 6

    Will Rogers Elementary School

    Public | KG - 6

  • 6

    Keppel Elementary School

    Public | KG - 5

  • 6

    Hollydale School

    Public | KG - 8

  • 5

    Florence Avenue Elementary School

    Public | KG - 6

  • 5

    Aspire Junior Collegiate Academy

    Public | KG - 5

  • 5

    Dickison Elementary School

    Public | KG - 8

Middle Schools 20
  • 6

    International Studies Learning

    Public | 6 - 12

  • 5

    Aspire Centennial College Preparatory Academy

    Public | 6 - 8

  • 5

    Walnut Park Middle School - STEM Academy

    Public | 6 - 8

  • 5

    Lynwood Middle School

    Public | 7 - 8

  • 5

    Magnolia Science Academy Bell

    Public | 6 - 8

  • 5

    Orchard Academies 2B

    Public | 6 - 8

  • 4

    Thomas Alva Edison Middle School

    Public | 6 - 8

  • 4

    Lifeline Education Charter

    Public | 6 - 12

  • 4

    Orchard Academies 2c

    Public | 6 - 8

  • 4

    South Gate Middle School

    Public | 6 - 8

  • 3

    Chavez Middle School

    Public | 6 - 8

  • 3

    Bell Gardens Intermediate

    Public | 6 - 8

  • 2

    Drew Middle School

    Public | 7 - 8

  • 2

    Prepa Tec - los Angeles

    Public | 6 - 8

  • 1

    Edwin Markham Middle School

    Public | 6 - 8

  • 1

    Willowbrook Middle School

    Public | 6 - 8

  • 1

    Davis Middle School

    Public | 6 - 8

  • 1

    Bunche Middle School

    Public | 6 - 8

  • 1

    Southeast Middle School

    Public | 6 - 8

  • 1

    Henry T. Gage Middle School

    Public | 6 - 8

High Schools 20
  • 9

    King/Drew Medical Magnet High School

    Public | 9 - 12

  • 8

    Animo Pat Brown

    Public | 9 - 12

  • 8

    Alliance Huntington Park College-Ready Academy High School

    Public | 9 - 12

  • 6

    Alliance Cindy and Bill Simon Technology Academy H

    Public | 9 - 12

  • 5

    South East High School

    Public | 9 - 12

  • 5

    Legacy STEAM High School

    Public | 9 - 12

  • 4

    South Gate High School

    Public | 9 - 12

  • 4

    Lynwood High School

    Public | 9 - 12

  • 4

    Bell High School

    Public | 9 - 12

  • 4

    Legacy Visual & Performing Arts High School

    Public | 9 - 12

  • 3

    Marco Antonio Firebaugh High School

    Public | 9 - 12

  • 2

    David Starr Jordan High School

    Public | 9 - 12

  • 1

    Animo College Preparatory Academy

    Public | 9 - 12

  • 1

    Compton High School

    Public | 9 - 12

  • 1

    Dominguez High School

    Public | 9 - 12

  • 0

    Verbum Dei High School

    Private | 9 - 12

  • 0

    Harriet Tubman High School

    Public | 9 - 12

  • 0

    Cesar Chavez Continuation High School

    Public | 9 - 12

  • 0

    Simon Rodia Continuation

    Public | 9 - 12

  • 0

    Odyssey Continuation

    Public | 9 - 12

School and business data provided by Attom Data.

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Jennifer Gascon

Jennifer Gascon

Agent | License ID: 01943416

+1(858) 382-0349

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3535 Martin Luther King Jr BLVD

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