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5915 Woodruff Ave #1, Lakewood, CA 90713
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5915 Woodruff Ave #1 Lakewood, CA 90713

$1,425,000 Sold Price as of 12/17/2020
  • 9 Beds
  • 5 Baths
  • 4,231 Sq.Ft.
Sold
$1,425,000 Sold Price as of 12/17/2020 Refinance Your Mortgage
Map preview of 5915 Woodruff Ave #1, Lakewood, CA 90713

Property Overview: 5915 Woodruff Ave #1 Lakewood, CA has 9 bedrooms, 5 bathrooms, 4,231 living square feet and 10,045 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Richard Daskam | BRE #01091037 | eXp Realty of California
Last checked: 24 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
10,045
HOA Dues
$0/mo
Year built
1969
Garage
5 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW20214162
City
Lakewood
County
Los Angeles
Time on Site
1294 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 0
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,299
  • Total Rent: $1,299
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.9%
  • Gross Rent Multiplier: 16.4
  • Gross Scheduled Income: $85,188
  • Net Operating Income: $54,688
  • Gross Operating Income: $81,188
  • Vacancy Allowance: $4,000
  • # of Rented Garages: 1
  • Garage Rental Income: $0
  • Other Income 1: $6,000
  • Other Income Description: Garage Pro Forma
Annual Expense Breakdown
  • Total Operating Expense: $26,500
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $16,500
  • Trash: $0
  • Insurance: $3,000
  • Maintenance: $4,000
  • Water/Sewer: $2,700

Property Details for 5915 Woodruff Ave #1

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Radiant
Laundry Information
  • Has Laundry
  • Common Area, Electric Dryer Hookup, Inside
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet
Kitchen Information
  • Has Appliances
  • Electric Oven, Electric Range, Electric Cooktop, Electric Water Heater
Interior Features
  • Levels: Two
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Has Fence
  • Partial
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 11
  • Has Parking
  • Parking Features: Assigned, Driveway, Concrete, Garage Faces Side, Garage Door Opener, See Remarks
Lot Information
  • Lot Features: Front Yard, Landscaped, Near Public Transit, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7165016022
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: On Woodruff between South and Allington
Neighborhood Information
  • Community Features: Golf, Park, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Lakewood Agent

Sale History for 5915 Woodruff Ave #1

Last sold for $1,425,000 on December 17th, 2020

  • December, 2020

  • Dec 18, 2020

    Date

    Sold

    CRMLS: PW20214162

    $1,425,000

    Price

  • Oct 21, 2020

    Date

    Pending

    CRMLS: PW20214162

    $1,399,000

    Price

  • Oct 10, 2020

    Date

    Active

    CRMLS: PW20214162

    $1,399,000

    Price

  • December, 2020

  • Dec 17, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,425,000

    Price

  • January, 2019

  • Jan 30, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5915 Woodruff Ave #1

Assessed Value (2020): $1,249,500
Year Land Value Improved Value Assessed Value
2020 $816,000 $433,500 $1,249,500

Home Value Compared to the Market

This property vs the competition

5915 Woodruff Ave #1 sold on December 17, 2020 for 62.67% higher than the current median sold price for the city of Lakewood which is $860,000. The median sold price per/sqft for Lakewood is $614 and this home is sold at $330.65 per/sqft which puts the price per square foot 46.15% lower than the current median sale per square foot for the city of Lakewood.

About 5915 Woodruff Ave #1

Detailed summary of property

5915 Woodruff Ave #1 is a fourplex that recently sold in Lakewood, CA 90713. This fourplex offered 9 bedrooms, 5 bathrooms, roughly 4,231 living square feet, and sits on an approximately 10,045 square foot lot. 5915 Woodruff Ave #1 was first listed on ArdentRealEstateGroup.com on October 10, 2020. The homeowner sold the property for $1,425,000. Home in Lakewood are selling for a median price of $860,000 and a median price per square foot of $614. Based on Ardent Real Estate Group's Lakewood Market Data, this home is sold 62.67% higher than the current median priced home. Local homes that are currently for sale include 1000 Ximeno Ave, 1825 Cherry Ave and 3029 Pacific Ave. While the average home in Lakewood, CA is selling in 32 days, 5915 Woodruff Ave #1 has a days on market of 9 days. There are currently 91 homes for sale in the Lakewood real estate market and 85 of them are single family homes while 3 of them are condos and 3 are townhomes. For more information on this home for sale at 5915 Woodruff Ave #1 Lakewood, CA 90713 contact Ardent Real Estate Group and we will put you in touch with one of our Lakewood agents.

Public Facts for 5915 Woodruff Ave #1

Public county record property details
Beds
9
Baths
5
Year built
1969
Sq. Ft.
4,231
Lot Size
10,045
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
--
APN
7165-016-022

The source for these homes facts are from public records.

90713 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$850,000
Median List Price/Sq.Ft.
$641
Median Sold Price
$880,000
Median Sold Price/Sq.Ft.
$652
Total Inventory
28
Median Sale to List Price %
101.27%
Avg Days on Market
15
Loan Type
Conventional (40%), FHA (13.33%), VA (6.67%), Cash (13.33%), Other (26.67%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.

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