15335 Woodruff Place

Bellflower, CA 90706

$1,700,000
Price
4
Beds
9
Baths
4,628 Sq. Ft.
$367 / Sq. Ft.
4,628
Sq. Ft.
$367
per Sq. Ft.

Description

15335 Woodruff Place is 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,...15335 Woodruff Place is 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.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • 714-713-9086

Property Details for 15335 Woodruff Place

Parking Spaces Total
10
Private Pool
No
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4628
Assessor Parcel Number
6274-035-019
Property Attached YN
false
LISTING UPDATED: 09/03/2024 08:38 AM

Property Details for 15335 Woodruff Place

StatusActive
MLS #OC24177922
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1971
CountyLos Angeles County

Building Information for 15335 Woodruff Place

Building/Complex15335 Woodruff PlFloor-Stories2Residences-Pet Policy-Year Built1971Building Size-

Property Information for 15335 Woodruff Place

Income / Expense / Tax Details
Income Details
  • Gross Income: $134,856
  • Gross Scheduled Income: $134,856
  • Vacancy Allowance: 4046
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $130,810
  • Net Operating Income: $88,737
  • Gross Multiplier: 12.61
  • Cap Rate: 5.22
Expense Details
  • Operating Expense: $42,073
  • Operating Expense Percent: 33.20%
  • New Taxes Expense: $18,591
  • Fuel Expense: $1,381
  • Electric Expense: $1,383
  • Insurance Expense: $6,419
  • Maintenance Expense: $3,500
  • Professional Management Expense: $0
  • Other Expense: $8,037
  • Other Expense Description: Misc
  • Trash Expense: $1,381
  • Water Sewer Expense: $1,381
  • Total Expenses: $42,073
Tax / Assessment Info
  • Tax Tract Number: 554106
  • Tax Census Tract: 5541.06
  • CFD/Mello-Roos Fee: $3,637
  • Tax Lot: 22
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: First level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 1
  • Carport Spaces: 4
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,867
  • Unit Type Total Rent: $1,867
  • Unit Type Pro Forma: 2595
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $9,371
  • Unit Type Total Rent: $9,371
  • Unit Type Pro Forma: 10980
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 15335 Woodruff Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 15335 Woodruff Place

Taxable ValueLand$598,230Additions$832,320Total$1,430,550
Tax Record2023$18,975 ($1,581 / month)
Home Facts
Total Finished SqFt4,628 SqFtAbove Grade Finished SqFt4,628 SqFtLot Size9,762 SqFtStyleMulti-Family Res (5+ Units)Year Built1971ZoningBFR3*CountyLOS ANGELESAPN6274-035-019

Schools near 15335 Woodruff Place

This home is within Bellflower Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - K to 12
Public - K to 12
Rating
School
Distance
Frank E. Woodruff Elementary School
PublicK to 6

Bellflower High School
Public7 to 12

Bellflower Alternative Education Center
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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15335 Woodruff Place is a multi-family home for sale in Bellflower, CA 90706. This property was listed for sale on August 27, 2024 by Marcus & Millichap RE Invest, it's currently listed at $1,700,000. It has been on the market for a total of 22 days and was last sold on April 13, 2022. This listing's school district is Bellflower Unified School District. Nearby schools include Frank E. Woodruff Elementary School, Bellflower High School and Las Flores Home Education Independent Study Academy. 15335 Woodruff Place is a 4-bed, 9-bath, 4,628 sqft multi-family home built in 1971.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.