Lynwood Commercial Property on
For Sale
$1,250,000
3502 Martin Luther King Jr Blvd, Lynwood, CA 90262
Commercial property with redevelopment potential in high-traffic Lynwood location.
Property Size5,073 SF
Lot Size0.21 Acres
Price / SF$246.40
Days on Market153
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
Building Size
5,073 SF
Year Built
1958
Listing Agency:
(562) 862-9005
Listed By:
George Mairena
(562) 862-9005
Source:
Elliman
Added: Mar 23
Changed: Aug 15
Last Checked: Aug 22 at 7:49AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$112,238
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,244,760
$2.2M
Cap Rate 7%
$1,603,400
$1.6M
Cap Rate 9%
$1,247,089
$1.2M
Market Conditions
NOI Build-Up for 5,073 SF
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.
Gross rent
$171.7K $33.84/SF
− Vacancy
−$11.3K −$2.23/SF
EGI
$160.3K $31.61/SF
− OpEx
−$48.1K −$9.48/SF
NOI
$112.2K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,244,760
Cap Rate 7%
$1,603,400
Cap Rate 9%
$1,247,089
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,021
Businesses Nearby
377k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 28%
Groceries 12%
Apparel 6%
McDonald's
Dining
53,790 visits/mo
0.4 miles
Smart & Final
Groceries
46,630 visits/mo
0.3 miles
Jack in the Box
Dining
35,147 visits/mo
0.4 miles
Carl's Jr.
Dining
19,543 visits/mo
0.4 miles
Denny's
Dining
17,647 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
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.
