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5915 Woodruff AVE #1 Lakewood, CA 90713
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Key Details
Sold Price $1,425,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW20214162
Sold Date 12/17/20
HOA Y/N No
Year Built 1969
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions Assessor
Property Description
Owner-Occupied building with potential for rent increases down the road. Popular layout with a 3 bedroom 2 bathroom in front (owner-occ) three 2 bedroom 1 bathroom units behind. This building also features 5 garages and 6 parking spaces! Currently only 1 garage is tenant occupied, so plenty of upside on garage rental income once the owner moves out. Pro-Forma rents are 3/2=$2500/mo, each 2/1=$1900/mo, each garage = $100/mo. There is also room to park 6 vehicles along driveway or in back. Onsite laundry for the 2-bedroom units, and inside hook-ups for the 3 bedroom unit. Building was recently repiped. Some dual-pane windows. #3 was updated in 2020. Units 2 and 4 are long-term tenants. 3 bedroom unit features a fireplace. Whether you are looking for an owner-occupied building or for an investment, this is the property for you! Appears to be well maintained throughout, close to parks, schools, shopping and transportation. California has enacted a statewide rent control law. Buyer is advised to review current and proposed laws affecting the rights of landlords and tenants.
Location
State CA
County Los Angeles
Area Mayf - Mayfair
Zoning LKMFR*
Rooms
Ensuite Laundry Common Area, Electric Dryer Hookup, Inside
Interior
Laundry Location Common Area,Electric Dryer Hookup,Inside
Heating Radiant
Cooling Wall/Window Unit(s)
Flooring Carpet
Fireplaces Type Living Room
Fireplace Yes
Appliance Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
Laundry Common Area, Electric Dryer Hookup, Inside
Exterior
Garage Assigned, Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Side, See Remarks
Garage Spaces 5.0
Garage Description 5.0
Fence Partial
Pool None
Community Features Golf, Storm Drain(s), Street Lights, Sidewalks, Park
View Y/N Yes
View Neighborhood
Parking Type Assigned, Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Side, See Remarks
Total Parking Spaces 11
Private Pool No
Building
Lot Description Front Yard, Landscaped, Near Park, Near Public Transit
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7165016022
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Jignesh Patel • Lyon Stahl Investment Real Estate, Inc.
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