Four-Unit Apartment
For Sale
$1,395,000
Pending
3346 Martin Luther King Jr Blvd, Lynwood, CA 90262
Each residence includes washer/dryer hookups, a private garage, and a covered carport space.
Property Size4,000 SF
Lot Size0.20 Acres
Days on Market113
Property Features for 3346 Martin Luther King Jr Blvd
General Information
Standard status
Pending
Size
4,000 SF
Total Parking Spaces
8
Lot size
0.20 Acres
Property subtype
MULTI_FAMILY
Zoning
LAR3
Financials
Asking Price
$1,395,000
Cap Rate
5.14%
Gross Rent Multiplier
14.07
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Amenities
in-unit washer/dryer hookups
Building Details
Building Size
4,000 SF
Year Built
1983
Listing Agency:
Compass
Listed By:
The Carrabba Group
(323) 899-2900
Source:
Carrabbagroup
Added: Jul 7
Changed: Oct 26
Last Checked: Oct 26 at 3:49PM
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 Compass
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Investment Insights
Based on property information with market context.
Built in 1983, this four-unit property contains four 3-bedroom/2-bath residences of approximately 1,000 SF each. The units have in-unit washer/dryer hookups, private garages, and covered carport spaces, for eight parking spaces in total. The property measures 4,000 SF and sits on an 8,710 SF LAR3-zoned lot.
Located at 3346 Martin Luther King Jr Blvd in Lynwood, the property is near shopping, schools, parks, public transportation, and major freeways. It is not subject to Los Angeles' local RSO and remains subject to California's AB 1482 rent control law.
Located at 3346 Martin Luther King Jr Blvd in Lynwood, the property is near shopping, schools, parks, public transportation, and major freeways. It is not subject to Los Angeles' local RSO and remains subject to California's AB 1482 rent control law.
Key Highlights
- Four 3‑bedroom/2‑bath units, approximately 1,000 SF each
- 4,000 SF building on an 8,710 SF LAR3‑zoned lot
- Eight parking spaces: four private garages and four covered carport spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,854
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,397,080
$1.4M
Cap Rate 7%
$997,914
$997.9K
Cap Rate 9%
$776,156
$776.2K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$108.0K $27.00/SF
− Vacancy
−$8.2K −$2.05/SF
EGI
$99.8K $24.95/SF
− OpEx
−$29.9K −$7.48/SF
NOI
$69.9K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,397,080
Cap Rate 7%
$997,914
Cap Rate 9%
$776,156
Alternative Uses
Best Use
Multifamily LT 5
$997.9K
$873.2K – $1.16M
NOI $69,854 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$919.5K
$804.5K – $1.07M
NOI $64,363 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,911 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
See the owner, sales and loan history
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,896
Businesses Nearby
Explore this area
Business Placement
Demographics for 90262, CA
67,099
Population
15,497
Households
4.3
Avg Household Size
32
Median Age
10%
College-Educated
58%
High-School Grad
4.8 sq mi
ZIP Area
13,979
Density / Sq Mi
$70,507
Median Household Income
$32,870
Median Earnings
$1,625
Median Rent
$569,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes washer/dryer hookups, a private garage, and a covered carport space.
Where is this quadplex located?
The property is located at 3346 Martin Luther King Jr Blvd Lynwood, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Four 3‑bedroom/2‑bath units, approximately 1,000 SF each; 4,000 SF building on an 8,710 SF LAR3‑zoned lot; Eight parking spaces: four private garages and four covered carport spaces
