For Sale
$1,700,000

15335 Woodruff PlBellflower, CA 90706

5-Unit Apartment Building, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 5-unit multifamily investment property in Bellflower, CA, presents a compelling opportunity. The property, comprised of three buildings constructed in 1958 and 1971, offers a mix of single-story and two-story townhome units, each featuring two bedrooms. Four units are two-story townhomes, each with a private patio (two boast spacious wrap-around patios). Three units have undergone significant renovations. Each unit includes a water heater and two assigned parking spaces, totaling ten spaces across the property. Residents benefit from an on-site laundry facility, generating additional income. The property sits on a 0.22-acre lot, totaling 4,628 square feet of net rentable space. The asking price is $1,700,000, representing $340,000 per unit, with a current NOI of $88,737 and a pro-forma NOI of $115,940. This translates to a current cap rate of 5.22% and a pro-forma cap rate of 6.82%. Its prime location near Woodruff Avenue and Alondra Boulevard offers convenient access to schools (Woodruff Elementary, Bellflower Middle, and Bellflower High), major shopping centers (Promenade at Downey, Downey Landing, Los Cerritos Center, and Plaza 183), and freeways (I-605, SR-91, and I-605), making it highly attractive to tenants. The property is offered fee simple. Drive-by only

Highlights

  • Exclusively two-bedroom floor plans available.
  • Single-family homes and townhouses offered.
  • Three units boast significant renovations.
  • Each townhouse includes a private patio.
  • On-site laundry facilities provided.
  • Ample parking: 10 spaces total (garage, carport, and surface).

Property Details for 15335 Woodruff Pl

Property type
Apartment buildings
Square Feet
4,628 SF
Year Built
1958
Buildings
3
Stories
2
Lot Size (sq. ft)
9,583 SF
Units
5

Location Insight

City
Bellflower
County
Los Angeles
State
California
Latitude
33.894228807727
Longitude
-118.11745478572
15335 Woodruff Pl, Bellflower, California

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15335 Woodruff Pl
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