Two-Suite Medical Office
New
For Sale
$1,275,000
3637 Martin Luther King Jr Blvd, Lynwood, CA 90262
Operating medical suites feature reception, waiting, examination, and administrative areas with on-site parking.
Property Size4,390 SF
Price / SF$290.43
Days on Market3
Property Features for 3637 Martin Luther King Jr Blvd
General Information
Standard status
Active
Size
4,390 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Office Units
2
Building Details
Building Size
4,390 SF
Year Built
1958
Listing Agency:
Equity North Investments Inc.
(562) 285-0888
Listed By:
Harry Alexander · License #00664511
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 5:26PM
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 Equity North Investments Inc.
Investment Insights
Based on property information with market context.
This medical office property contains approximately 4,390 square feet divided into two operating suites. Unit A measures approximately 1,100 square feet, while Unit B measures approximately 3,290 square feet. Both suites include reception areas, waiting rooms, examination rooms, and administrative offices, with the spaces fully equipped for current medical operations. The building was constructed in 1958 and offers a modern, functional layout for medical users.
Located at 3637 Martin Luther King Jr Blvd in Lynwood, the property is directly across from Saint Frances Hospital and near other medical facilities and major freeways. On-site parking supports daily patient and staff access. The property also has a walk score of 69 and a bike score of 48.
Located at 3637 Martin Luther King Jr Blvd in Lynwood, the property is directly across from Saint Frances Hospital and near other medical facilities and major freeways. On-site parking supports daily patient and staff access. The property also has a walk score of 69 and a bike score of 48.
Key Highlights
- Approximately 4,390 SF medical office building divided into 2 suites
- Unit A approximately 1,100 SF; Unit B approximately 3,290 SF
- Both suites are fully equipped and currently operating
Financial Insights For Office B
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 | $168.6k | $38.40 |
| − Vacancy | −$40.6k | −$9.25 |
| EGI | $127.9k | $29.15 |
| − OpEx | −$32.0k | −$7.29 |
| NOI | $96.0k | $21.86 |
4,390 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $95,962 @ 7.0% cap · market cap 7.53%
Second Best
Healthcare Medical
$1.19M
$1.04M – $1.39M
NOI $83,252 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,527 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,105
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Operating medical suites feature reception, waiting, examination, and administrative areas with on-site parking.
Where is this medical office space located?
The property is located at 3637 Martin Luther King Jr Blvd Lynwood, CA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Approximately 4,390 SF medical office building divided into 2 suites; Unit A approximately 1,100 SF; Unit B approximately 3,290 SF; Both suites are fully equipped and currently operating
