Freestanding Commercial Building with
3152 Martin Luther King Jr Lynwood, CA 90262
3152 Martin Luther King Jr, Lynwood, CA, 90262
$1,500,000
For Sale
$1,500,000
Modern freestanding building built circa 2020 with ample parking and LY-C3 Heavy Commercial zoning for many business uses.
Property Size2,480 SF
Lot Size0.28 Acres
Price / SF$604.84
Days on Market66
Property Features for 3152 Martin Luther King Jr
General Information
- Standard status
- Active
- Size
- 2,480 SF
- Lot size
- 0.28 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2020
Listing agency
http://Home Team Realty
(310) 350-1764
Listed by
Mary Ruth Tandoc-Salud · License #01229291
(310) 350-1764
Source
Elliman
Added: May 19 Updated: Jul 23 at 6:07AM Checked: Jul 23 at 6:07AM
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 http://Home Team Realty
Investment Insights
Based on property information with market context.
This modern freestanding commercial property was built circa 2020 and includes approximately 2,480 square feet of building space on a 12,405 square foot lot with ample parking. The site is designed for versatile business use, supported by a wide range of permitted options under LY-C3 Heavy Commercial zoning.
The property is positioned on a busy commercial corridor in Lynwood, described as high-traffic and well accessible throughout Los Angeles County. BikeScore is listed as 56 (bikeable) and walkScore as 69 (somewhat walkable).
Permitted uses cited for the property include retail and service-oriented businesses such as coffee shops, restaurants, medical and dental offices, and wellness uses. The listed permitted options also include a broad mix of other categories, including barber and beauty services, pet grooming, dry cleaners, convenience markets, offices for real estate and financial services, and various community- and event-related concepts.
The property is positioned on a busy commercial corridor in Lynwood, described as high-traffic and well accessible throughout Los Angeles County. BikeScore is listed as 56 (bikeable) and walkScore as 69 (somewhat walkable).
Permitted uses cited for the property include retail and service-oriented businesses such as coffee shops, restaurants, medical and dental offices, and wellness uses. The listed permitted options also include a broad mix of other categories, including barber and beauty services, pet grooming, dry cleaners, convenience markets, offices for real estate and financial services, and various community- and event-related concepts.
Key Highlights
- Built circa 2020 modern freestanding commercial building with approximately 2,480 SF
- 12,405 SF lot with ample parking
- LY‑C3 Heavy Commercial zoning with extensive permitted uses including retail, restaurant, medical, office, and service businesses
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 | $83.9k | $33.84 |
| − Vacancy | −$5.5k | −$2.23 |
| EGI | $78.4k | $31.61 |
| − OpEx | −$23.5k | −$9.48 |
| NOI | $54.9k | $22.12 |
2,480 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$783.8K
$685.9K – $914.5K
NOI $54,869 @ 7.0% cap · market cap 3.66%
Second Best
Office B
$774.4K
$677.6K – $903.5K
NOI $54,211 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,945 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Modern freestanding building built circa 2020 with ample parking and LY-C3 Heavy Commercial zoning for many business uses.
Where is this storefront property located?
The property is located at 3152 Martin Luther King Jr Lynwood, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Built circa 2020 modern freestanding commercial building with approximately 2,480 SF; 12,405 SF lot with ample parking; LY‑C3 Heavy Commercial zoning with extensive permitted uses including retail, restaurant, medical, office, and service businesses
