3535 Martin Luther King Jr BLVD, Lynwood, CA 90262
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$950,000
Est. payment /mo
7,248 Sqft Lot
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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

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Listed by Jay Martinez Hudson Commercial Partners, Inc. 310-658-3375, DRE #01954238

NEARBY SCHOOL & BUSINESS

John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359

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3535 Martin Luther King Jr BLVD

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