3535 Martin Luther King Jr Blvd Lynwood, CA 90262
Property profile & analytics
3535 Martin Luther King Jr Blvd, Lynwood, CA 90262
- Investment properties
- 4,671 SF
- 0.17 lot acres
Property ID
US09-8871263
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- So Cali Barbershop / Barber Shop
- Mariscos El Borracho / Restaurant
- Elizabeth Restaurante comida salvadoreña y mexicana / Restaurant
- Gorditas Aguascalientes / Restaurant
Property Details for 3535 Martin Luther King Jr Blvd
- Year built
- 1962
- Construction
- WOOD
- Lot size
- 0.17 lot acres
- 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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,250,000
- AI Estimate
- $757,000
Market price range: $314k - $1.53MMarket price range: $370k - $817k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $945,000 Current use
- RETAIL STORES
- $1,415,000 Change: +50% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,370,000 Change: +46% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- 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
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$13,523
$613,534
$334,654
$948,188
-
$0.00
$0.00
$0.00
