Commercial Sale for sale in Lynwood, California, SR17223206

Hudson Partners has been exclusively retained to market the sale of this mixed-use opportunity. The Seller has vacated the second floor which is a legal three bedroom and two bath apartment, but being used a 4 bedroom with a single family home layout. Buyer has a live/work opportunity or allowing an Investor to rent out at market rents. There is a +/- 550 sf two-car garage which Seller will vacate as well. This additional structure can be leased out providing another supplemental income stream. The first floor has three street level tenants, two Central American restaurants, and a Barbershop in the middle. An Investor can achieve over an 8 Cap Rate, with reasonable market rent assumptions. On the other hand, a retail business operator can purchase this property with 80% Owner-user conventional financing, if their intentions are to occupy the premises with the required percentage of 35%.

Primary Features

County: Los Angeles

Price/SqFt: 203.38

Property Sub Type: Mixed Use

Property Type: Commercial Sale

Year Built: 1962

Interior

Building Area Units: Square Feet

Condo Area Units: Square Feet

Heating: yes

Heating Type: Forced Air

Laundry Features: Outside

Stories Total: 2

External

Lot Size Source: Assessor

Minimum Total Area Units: Square Feet

Water Source: Private

Location

Country: US

MLS Area Major: RM - Lynwood

Additional

Additional Parcels: no

Building Status: Existing

Days On Market: 2269

List Agent State License: 01954238

List Office State License: 01367663

Max Total Area Units: Square Feet

Parcel Number: 6223003040

Financial

Special Listing Conditions: Standard

Zoning Info

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Lynwood CA home offered at $950,000