15335 Woodruff Pl, Bellflower, CA 90706
5 Unit Apartment Building | $1,700,000 ($340,000/Unit) | 5.22% Cap Rate | Bellflower, CA 90706
For Sale
Active
Asking Price $1,700,000
- Property Type
-
Multifamily
- Square Feet
- 4,628 SF
Listing Contacts
Tyler Leeson
Evan Gray
Nick Kazemi
Property 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).*
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).*
Property Details
- Class
- C
- Year Built
- 1958
- Stories
- 2
- Lot Size (sq. ft)
- 9,583 SF
- Units
- 5
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
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