Courtesy: Excellence RE Real Estate
Courtesy: EXP REALTY OF CALIFORNIA INC
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%.
Lynwood is located in California. Lynwood, California has a population of 67,497. Lynwood is more family-centric than the surrounding county with 37.64% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Lynwood, California is $61,612. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Lynwood is 31.2 years.
The average high temperature in July is 77.4 degrees, with an average low temperature in January of 47.9 degrees. The average rainfall is approximately 13.5 inches per year, with 0 inches of snow per year.
