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15335 Woodruff Pl

5 Unit Block of Flats £1,330,165 (£266,033/Unit) 5.22% Net Initial Yield Bellflower, CA 90706

Investment Highlights

  • Offers Exclusively Two-Bedroom Floor Plans | Features Highly Desirable Single-Family & Townhouse Units
  • Each Townhouse Unit Features a Private Patio
  • Walking Distance to Bellflower Middle/High School
  • Three Units Have Undergone Significant Renovations
  • On-Site Laundry Facility | Ample Garage, Carport, & Surface Parking: 10 Total Spaces
  • Easy Access to 91, 105, and 605 Freeways

Executive Summary

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 15335 Woodruff Place, 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.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income £105,518 £22.80
Other Income - -
Vacancy Loss £3,166 £0.68
Effective Gross Income £102,352 £22.12
Taxes £14,547 £3.14
Operating Expenses £18,373 £3.97
Total Expenses £32,920 £7.11
Net Operating Income £69,432 £15.00

Financial Summary (Actual - 2024)

Gross Rental Income
Annual £105,518
Annual Per SF £22.80
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £3,166
Annual Per SF £0.68
Effective Gross Income
Annual £102,352
Annual Per SF £22.12
Taxes
Annual £14,547
Annual Per SF £3.14
Operating Expenses
Annual £18,373
Annual Per SF £3.97
Total Expenses
Annual £32,920
Annual Per SF £7.11
Net Operating Income
Annual £69,432
Annual Per SF £15.00

Property Facts

Price £1,330,165
Price Per Unit £266,033
Sale Type Investment
Net Initial Yield 5.22%
Gross Rent Multiplier 12.61
No. Units 5
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.22 AC
Building Size 4,628 SF
Number of Floors 2
Year Built 1958
Parking Ratio 2.16/1,000 SF

Unit Amenities

  • Patio

Site Amenities

  • Laundry Facilities
  • Security System
  • Gated

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 1 - 812
2+1.5 4 - 954

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6274-035-019
Land Assessment
£468,085
Improvements Assessment
£651,249
Total Assessment
£1,119,334
Annual Taxes
£14,547 (£3.14/sf)
Tax Year
2024 Payable 2024
  • Listing ID: 32973375

  • Date on Market: 27/08/2024

  • Last Updated:

  • Address: 15335 Woodruff Pl, Bellflower, CA 90706

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