5919 Woodruff Avenue

Lakewood, CA 90713

$1,375,000

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1969

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Property Description

An excellent opportunity to acquire a 4-unit multifamily building in Lakewood, CA. Located at 5919 Woodruff Ave, this multifamily asset was built in 1969. It offers one 3 bed, 2 bath owner’s unit with interior washer/dryer hookups and three 2 bed, 1 bath units. Residents of the property enjoy off-street parking, as well as an on-site laundry room. The buildings boast a total of 4,231 gross rentable square feet on a large 8,483 square foot lot. The property is directly across the street from Mayfair High School and Middle School and a few doors down from Saint Joseph High School. Residents of the property enjoy the ability to walk to shops and restaurants at the intersection of South St including Vons, Grocery Outlet, Ace Hardware, Starbucks, Mamma’s Sushi, Carl’s Jr, Subway, Church’s Texas Chicken, El Pollo Loco and Thai Villa just to name a few. With more than 50% upside potential in rental income, it is the perfect opportunity for an investor to add value and achieve an exceptional return. With the front unit offering over 1300 square feet of private living space, this property also provides an exceptional opportunity for the new owner to live in one unit and enjoy rental income from the others.

Listing Information

Close Price $1,375,000
Close Date Wednesday, October 16th, 2024
Status Closed
MLS PW24189785
Type Residential Income
Subtype Quadruplex
Year Built 1969
Lot Size 8,483
Structure Size N/A
DOM 10
Courtesy Of Justin White
Listing Agent Justin White DRE#01267826

Interior Features

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Maps

Listing information courtesy of: Justin White, Justin White . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 16th, 2024 at 10:51 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.