Lynwood Commercial Property on
3502 Martin Luther King Jr Blvd, Lynwood, CA 90262
Commercial property with redevelopment potential in high-traffic Lynwood location.
Type:Commercial
Property size:
5,073 SFLot size:
0.21 AcresPrice / SF:
$246/SF- Added:
- Mar 23, 2026
- Days on Market:
- 107
- Last Refresh:
- Jul 2 at 2:08 pm
Property Features for 3502 Martin Luther King Jr Blvd
General Information
- Standard status
- Active
- Size
- 5,073 SF
- Lot size
- 0.21 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1958
Listing office (562) 862-9005
Listing date Mar 23, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of George Mairena
HighLights
- High‑traffic location on Martin Luther King Jr. Blvd, a main commercial corridor in Lynwood.
- Significant redevelopment or repositioning potential for investors or developers.
- Approximately 5,073 sq ft building on a 9,238 sq ft lot.
- Flexible layout with three commercial spaces (two at 1,200 sq ft, one at 2,673 sq ft).
- Strong street visibility.
- Commercial 480/240 AMP electrical service and copper plumbing.
Overview
Located at 3502 Martin Luther King Jr. Blvd in Lynwood, CA, this commercial property offers an opportunity for investors, developers, or owner-users. Constructed in 1958, the property features approximately 5,073 square feet of usable building space on a 9,238 square foot lot. The site benefits from a high-traffic location with strong street visibility along one of the city’s main commercial corridors. The building is divided into three commercial spaces: two end units of approximately 1,200 square feet each, and a center unit of approximately 2,673 square feet. Nearby businesses and community anchors include Shammas Eye Center and Medical Surgery Center. The property is located approximately 0.5 miles from St. Francis Medical Center and near Cesar Chavez Middle School. The property includes commercial 480/240 AMP electrical service and copper plumbing throughout. This property represents an opportunity to reposition or redevelop a commercial asset in the City of Lynwood.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $171.7k | $33.84 |
| − Vacancy | −$11.3k | −$2.23 |
| EGI | $160.3k | $31.61 |
| − OpEx | −$48.1k | −$9.48 |
| NOI | $112.2k | $22.12 |
5,073 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.60M
$1.40M – $1.87M
NOI $112,238 @ 7.0% cap · market cap 8.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,125 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Places Nearby
- Carla's Flower Shop — 11428 Long Beach Blvd, Lynwood, CA 90262
- Reyna Flower Shop — 3100 E Imperial Hwy, Lynwood, CA 90262
- Flower Delivery Lynwood — 3170 e imperial hwy, lynwood, ca 90262
- Flowers On Your Day — 11222 Long Beach Blvd Suite B, Lynwood, CA 90262
- Beautiful Moments Florist Lynwood — 11326 long beach blvd, lynwood, ca 90262
Location Insight
- Map
- Local Demand
- City
- Lynwood
- County
- Los Angeles
- State
- California
- Longitude
- -118.2076939
- Latitude
- 33.9359842
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Commercial property with redevelopment potential in high-traffic Lynwood location.
Where is this storefront property located?
The property is located at 3502 Martin Luther King Jr Blvd Lynwood, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: High‑traffic location on Martin Luther King Jr. Blvd, a main commercial corridor in Lynwood.; Significant redevelopment or repositioning potential for investors or developers.; Approximately 5,073 sq ft building on a 9,238 sq ft lot.
