Lakewood, CA 90713,5919 Woodruff AVE
Lakewood, CA 90713,5919 Woodruff AVE
Lakewood, CA 90713,5919 Woodruff AVE
8
$1,375,000
$1,430,000
3.8%
Est.Price: ?

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8,481 Sqft Lot

5919 Woodruff AVE Lakewood, CA 90713

Est. payment /mo
SOLD DATE : 10/16/2024

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Key Details

Sold Price $1,375,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Lakewood City/Lakewood (Lck)

MLS Listing ID PW24189785

Sold Date 10/16/24

HOA Y/N No

Year Built 1969

Lot Size 8,481 Sqft

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.

Location

State CA

County Los Angeles

Area 21 - Crest Gardens, Mayfair, Signature

Zoning LKMFR*

Interior

Heating Radiant

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Curbs

Total Parking Spaces 7

Private Pool No

Building

Lot Description Landscaped, Walkstreet

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7165016021

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Justin White • Justin White • 714.231.2537
Bought with Justin White • Justin White

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Andy Cleaves

Broker Associate | License ID: 01383386

+1(951) 732-7122

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