Multi-Unit Retail
3502 Martin Luther King Jr Boulevard Lynwood, CA 90262
3502 Martin Luther King Jr Boulevard, Lynwood, CA, 90262
$1,300,000
For Sale
$1,300,000
Built in 1958 and divided into three storefront spaces with substantial electrical service and copper plumbing.
Property Size5,073 SF
Lot Size0.21 Acres
Price / SF$256.26
Days on Market150
Property Features for 3502 Martin Luther King Jr Boulevard
General Information
- Standard status
- Active
- Size
- 5,073 SF
- Lot size
- 0.21 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1958
Listing agency
(562) 862-9246
Listed by
Imperial Properties
Source
Xome
Added: Feb 22 Updated: Jul 22 at 11:44AM Checked: Jul 22 at 11:44AM
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 Imperial Properties
Investment Insights
Based on property information with market context.
Built in 1958, this multi-unit retail building offers approximately 5,073 square feet of usable space on a 9,238 square foot lot. The structure is divided into three commercial spaces, including two end units of approximately 1,200 square feet each and a center unit of approximately 2,673 square feet. The property also includes a commercial 480/240 AMP electrical service and copper plumbing throughout.
Positioned in a high-traffic area with strong street visibility along a main commercial corridor in Lynwood, the site is near Shammas Eye Center and Medical Surgery Center. It is located approximately half a mile from St. Francis Medical Center and near Cesar Chavez Middle School, contributing to regular daily activity in the surrounding area.
This configuration supports multiple retail tenants under one roof, with existing utility and plumbing infrastructure in place. Buyers should verify zoning and redevelopment possibilities with the City of Lynwood.
Positioned in a high-traffic area with strong street visibility along a main commercial corridor in Lynwood, the site is near Shammas Eye Center and Medical Surgery Center. It is located approximately half a mile from St. Francis Medical Center and near Cesar Chavez Middle School, contributing to regular daily activity in the surrounding area.
This configuration supports multiple retail tenants under one roof, with existing utility and plumbing infrastructure in place. Buyers should verify zoning and redevelopment possibilities with the City of Lynwood.
Key Highlights
- Commercial building built in 1958 with approx. 5,073 SF of usable space
- On a 9,238 SF lot in a high‑traffic area at 3502 Martin Luther King Jr. Blvd, Lynwood
- Divided into 3 commercial spaces: two end units approx. 1,200 SF each and a center unit approx. 2,673 SF
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 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,125 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Built in 1958 and divided into three storefront spaces with substantial electrical service and copper plumbing.
Where is this strip mall located?
The property is located at 3502 Martin Luther King Jr Boulevard Lynwood, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Commercial building built in 1958 with approx. 5,073 SF of usable space; On a 9,238 SF lot in a high‑traffic area at 3502 Martin Luther King Jr. Blvd, Lynwood; Divided into 3 commercial spaces: two end units approx. 1,200 SF each and a center unit approx. 2,673 SF
