5919 Woodruff Avenue, Lakewood CA, 90713

Active

5919 Woodruff Avenue

Lakewood CA, 90713

$1,430,000

$337.98 per sqft

Active

4,231 sqft

Multi-family

Built in 1969

Listed by Justin White with Justin White 714.231.2537

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.

PW24189785

MLSⓇ ID

September 12, 2024

Listed

September 13, 2024

Updated

Map

5919 Woodruff Avenue
Lakewood CA, 90713

Interior Features

Total Stories: 2
Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Radiant

Exterior/Building Features

Lot Size: 0.19 Acres
Lot Features: Landscaped, Walkstreet
Sewer: Public Sewer

Other Property Details

Area Name: 28 - Lakewood City
Days on Market: 1
Garage: Yes
Garage Spaces: 5
Parking Total: 7
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: LKMFR*

Listing Contact: 714-231-2537

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/13/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 9/13/2024 at 6:05 PM UTC