3535 Martin Luther King Jr Blvd Lynwood, CA 90262

Property Details for 3535 Martin Luther King Jr Blvd

Year built

1962

Construction

WOOD

Lot size

0.17 lot acres

Property size

4,671 SF

Zone code

LYC2*

Property type

Investment properties

Property subtype

Live-work space

APN

6223-003-040

APU

6223003040

Description

This exceptional mixed-use property at 3535 Martin Luther King Jr Boulevard, Lynwood, CA, presents a compelling investment or owner-occupancy opportunity. The 4,671 square foot building sits on a 0.17-acre lot and is currently priced at $950,000. The property features a versatile layout, combining commercial and residential spaces. The second floor comprises a spacious three-bedroom, two-bathroom apartment, currently configured as a four-bedroom single-family residence. This offers significant live/work potential or a strong rental income stream. The first floor houses three thriving street-level businesses: two Central American restaurants and a barbershop. Adding to the income potential is a detached, approximately 550 square foot, two-car garage, also available for lease. This structure provides an additional revenue stream, further enhancing the property's overall return. Under reasonable market rent assumptions, an investor can anticipate an 8% cap rate or higher. Alternatively, a retail business operator could potentially secure 80% owner-user conventional financing with a 35% owner-occupancy requirement. This property offers a rare blend of income generation and flexibility, making it an attractive proposition for a diverse range of buyers. The location in Lynwood, CA, provides excellent access to local amenities and a strong customer base.

Location Insight

City

Lynwood

County

Los Angeles

State

California

Longitude

-118.207

Latitude

33.9365

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments