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3535 Martin Luther King Jr Blvd Lynwood, CA 90262

For Sale
$950,000

Prime Lynwood location, high-yield potential.

Property size:
4,671 SF

Description

Added:
Feb 3, 2025
Days on Market:
306
This exceptional mixed-use property at 3535 Martin Luther King Jr Boulevard, Lynwood, CA, presents a compelling investment or owner-occupancy opportunity. The 4,671 square foot building sits on a 0.17-acre lot and is currently priced at $950,000. The property features a versatile layout, combining commercial and residential spaces. The second floor comprises a spacious three-bedroom, two-bathroom apartment, currently configured as a four-bedroom single-family residence. This offers significant live/work potential or a strong rental income stream. The first floor houses three thriving street-level businesses: two Central American restaurants and a barbershop. Adding to the income potential is a detached, approximately 550 square foot, two-car garage, also available for lease. This structure provides an additional revenue stream, further enhancing the property's overall return. Under reasonable market rent assumptions, an investor can anticipate an 8% cap rate or higher. Alternatively, a retail business operator could potentially secure 80% owner-user conventional financing with a 35% owner-occupancy requirement. This property offers a rare blend of income generation and flexibility, making it an attractive proposition for a diverse range of buyers. The location in Lynwood, CA, provides excellent access to local amenities and a strong customer base.

Property Features for 3535 Martin Luther King Jr Blvd

General Information

Property type
Mixed-use properties
Square Feet
4,671 SF
Lot Size
7,405 SF

Building Details

Year Built
1962

Property Profile Insight Report Location Intelligence

Current Use by Public Records

So Cali Barbershop Barber Shop Mariscos El Borracho Restaurant Elizabeth Restaurante comida ... Salvadoran Restaurant Gorditas Aguascalientes Mexican Restaurant

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lynwood
County
Los Angeles
State
California
Longitude
-118.2075
Latitude
33.93645

FAQs

What type of property is this?
Mixed-use property - Prime Lynwood location, high-yield potential.
Where is this mixed-use property located?
The property is located at 3535 Martin Luther King Jr Blvd Lynwood, CA.
What is the asking price?
The asking price for this property is $950,000.
More about this property
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