15335 Woodruff PlBellflower, CA 90706

Property Details for 15335 Woodruff Pl

Year built

1971

Construction

WOOD

Lot size

0.22 AC

Property size (Sq ft)

4,628 SF

Zone code

BFR3*

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

6274-035-019

APU

6274035019

Description

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

• CAP approach

  CAP return

  Valuation

  6%

  $1,552,727

  6.5%

  $1,433,286

  7%

  $1,330,909

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,733,546

  Geo Method

  $1,733,546

• Alternative Use

  Use

  Valuation

  Residential

  $1,433,286

  Hospitality

  $1,312,883

  Educational

  $1,092,303

  Medical

  $1,129,869

  Retail

  $1,699,138

Location Insight

City

Bellflower

County

Los Angeles

State

California

Latitude

33.8941

Longitude

-118.118

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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