Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3535 Martin Luther King Jr Blvd Lynwood, CA 90262

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $950,000

    Mixed-use property with residential unit, retail tenants, and garage.

    Lot size:
    0.17 Acres

    Property Features for 3535 Martin Luther King Jr Blvd

    General Information

    Property type
    Commercial
    Standard status
    Contract
    Lot size
    0.17 Acres

    Building Details

    Year built
    1962

    We can help!

    Listing Contact
    Jay Martinez
    Source: Elliman

    Listing Agency: Juan Jr. Martinez Listing Agent: Jay Martinez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mixed-Use Property with Income Potential

    This mixed-use property offers a unique opportunity for both owner-users and investors. The second floor features a legal three-bedroom, two-bath apartment, currently configured as a four-bedroom single-family home layout. The seller has vacated this unit, presenting a live/work opportunity for a buyer or the potential for market-rate rental income for an investor. A detached two-car garage, approximately 550 square feet, will also be vacated by the seller, offering an additional income stream through leasing. The first floor is occupied by three street-level tenants: two Central American restaurants and a barbershop. An investor can potentially achieve over an 8% cap rate based on reasonable market rent assumptions. Alternatively, a retail business operator may be able to purchase the property with 80% owner-user conventional financing, provided they intend to occupy at least 35% of the premises.
    Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynwood
    County
    Los Angeles
    State
    California
    Longitude
    -118.207783
    Latitude
    33.936564

    Nearby Similar for Sale

    • New
      $55,000

      Established Business Opportunity in Plaza Mexico

      Beverage and snack business in a high-traffic shopping mall.
      3100 E Imperial Hwy, Lynwood, CA 90262
      View Details
    • $859,000
      2,880 SF

      Lynwood Auto Repair Shop For Sale

      Auto repair shop with fenced yard, office, and service bays.
      10360 State St, Lynwood, CA 90262
      View Details
    • $10,395,000
      19,900 SF

      Lynwood Commercial/Industrial Yard For Sale

      2-acre commercial/industrial yard with remodeled offices and maintenance stalls.
      2880 Norton Ave, Lynwood, CA 90262
      View Details
    • New
      $840,000
      2,544 SF

      Lynwood Quadruplex with Garages

      Four-unit property in Lynwood, California, featuring garages.
      10011 State St, Lynwood, CA 90262
      View Details
    • $799,999
      2,398 SF

      Lynwood Duplex with ADU Potential

      Well-maintained Lynwood duplex with income potential and ADU conversion opportunity.
      3617 Cedar Ave, Lynwood, CA 90262
      View Details
    • $500,000

      Profitable Laundromat Business Opportunity

      High-volume laundromat with new equipment in a prime location.
      10201 State St, Lynwood, CA 90262
      View Details
    • $499,000
      1,845 SF

      Mixed-Use Property in Lynwood, CA

      Mixed-use property with retail space and residential unit in Lynwood.
      10111 Long Beach Blvd, Lynwood, CA 90262
      View Details
    • $2,100,000
      6,904 SF

      Lynwood Multifamily Investment Opportunity

      Seven-unit apartment building with development potential in Lynwood, California.
      3161 Euclid Ave, Lynwood, CA 90262
      View Details
    • $999,998
      3,016 SF

      Lynwood Multifamily Investment Opportunity

      Multifamily property with strong rental income potential in Lynwood.
      12008 Long Beach Blvd, Lynwood, CA 90262
      View Details
    • $1,975,000
      6,072 SF

      Lynwood Apartment Building For Sale

      Well-maintained Lynwood apartment building with recent upgrades and strong rental market.
      3364 Elizabeth Ave, Lynwood, CA 90262
      View Details
    • $6,500,000
      4,760 SF

      Lynwood Carwash Express For Sale

      New construction car wash with long-term NNN lease in Lynwood.
      2810 E Imperial Hwy, Lynwood, CA 90262
      View Details
    • $840,000
      1,858 SF

      Lynwood Duplex with Detached Garage

      Duplex with detached garage, potential for ADU, great location.
      10845 Otis St, Lynwood, CA 90262
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with residential unit, retail tenants, and garage.
    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.
    What are key features of this property?
    This property features: - High Income Potential: Achieve over an 8% Cap Rate with market rent assumptions.; - Mixed-Use Property: Features both residential and commercial spaces.; - Live/Work Opportunity: Ideal for owner-occupiers.
    (310) 658-3375
    Request Owner's contact information
    3535 Martin Luther King Jr Blvd Lynwood, CA 90262
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3535 Martin Luther King Jr Blvd
    Lynwood, CA 90262
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3535 Martin Luther King Jr Blvd Lynwood, CA 90262
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jay Martinez
    Real Estate License ID: 01954238
    (310) 658-3375
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!