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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.rn rnBuyer 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%.

Features
: Forced air
2
: Outside
Additional Information
Hudson Commercial Partners, Inc.
0
SR207060606
SR0103100
Jay
6223003040
: Standard

Commercial Sale For Sale

3535 Martin Luther King Jr Boulevard, Lynwood, California 90262

4,671 Sqft
$950,000
Listing ID #SR17223206
Basic Details
Status : Active under contract
DaysOnMarket : 2269
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : SR17223206
Price : $950,000
Living Area : 4,671 Sqft
Year Built : 1962
Country : US
State : California
County : Los Angeles
City : Lynwood
Zipcode : 90262
Price Per Square Foot : $203
ModificationTimestamp : 2023-12-13 10:43:52
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