15335 Woodruff Pl - Apartments FOR SALE


Bellflower, CA 90706
$1,700,000 USD
949-419-3252
15335 Woodruff Pl, Bellflower, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/16
null | 5.22% Cap Rate

15335 Woodruff Pl
Bellflower, CA 90706


HIGHLIGHTS

  • Offers Exclusively Two-Bedroom Floor Plans | Features Highly Desirable Single-Family & Townhouse Units
  • Three Units Have Undergone Significant Renovations
  • Each Townhouse Unit Features a Private Patio
  • On-Site Laundry Facility | Ample Garage, Carport, & Surface Parking: 10 Total Spaces
  • Walking Distance to Bellflower Middle/High School
  • Easy Access to 91, 105, and 605 Freeways

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 15335 Woodruff Place, a 5-unit multifamily investment property located in Bellflower, California. Built in 1958 and 1971, 15335 Woodruff Place offers exclusively two-bedroom units, of which one is a single-story house and four are two-story townhomes. Each townhome unit features a private patio, of which two are spacious wrap-around patios. Additionally, current ownership has invested significant capital into the renovations of three townhouse units. Furthermore, each unit features a water heater, as well as two assigned parking spaces. The property also offers residents access to an on-site laundry facility, providing ownership with an additional revenue stream. Residents enjoy the property’s close proximity to everyday needs at the intersection of Woodruff Avenue and Alondra Boulevard. 15335 Woodruff Place is within walking distance of all three levels of education including Woodruff Elementary School, Bellflower Middle School, and Bellflower High School. Additionally, the property is within a 2.25-mile radius of Promenade at Downey, Downey Landing, Los Cerritos Center, and Plaza 183, four major regional shopping destinations providing easy access to a wide variety of retail, dining, and entertainment options. Furthermore, residents of 15335 Woodruff Place benefit from its close location to Interstate 605, State Route 91, and Interstate 605, granting easy access to regional employment hubs throughout Southern California. Given its excellent Bellflower location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 15335 Woodruff Place. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$367 USD /SF

# OF UNITS

5

PRICE/UNIT

$340,000

CAP RATE

5.22%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

-

APN/PARCEL ID

6274-035-019

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
949-419-3252

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Tyler LeesonMarcus & MillichapMore Info
949-419-3252

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.