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5919 Woodruff Ave, Lakewood, CA 90713
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5919 Woodruff Ave Lakewood, CA 90713

$1,430,000
  • 9 Beds
  • 5 Baths
  • 4,231 Sq.Ft.
For Sale
$1,430,000 Get Pre-Qualified
Map preview of 5919 Woodruff Ave, Lakewood, CA 90713

Property Overview: 5919 Woodruff Ave Lakewood, CA has 9 bedrooms, 5 bathrooms, 4,231 living square feet and 8,483 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Justin White | BRE #01267826 | Justin White
Last checked: 11 minutes ago | Last updated: September 13th, 2024 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
8,483
HOA Dues
$0/mo
Year built
1969
Garage
5 Car
Property Type:
Fourplex
Status
Active
MLS#
PW24189785
City
Lakewood
County
Los Angeles
Time on Site
6 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,013
  • Total Rent: $2,013
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,659
  • Total Rent: $1,659
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,523
  • Total Rent: $1,523
  • Pro Forma/Market Rent: $2,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $84,602
  • Net Operating Income: $47,098
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $34,963
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $2,622
  • Insurance: $3,596
  • Water/Sewer: $0

Open Houses for 5919 Woodruff Ave

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Property Details for 5919 Woodruff Ave

Interior Features
Heating Information
  • Has Heating
  • Radiant
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 7
Lot Information
  • Lot Features: Landscaped, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7165016021
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Lakewood City/Lakewood (LCK)
  • Directions: Exit 605 at South St or 91 at Bellflower Blvd.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Lakewood Agent

Sale History for 5919 Woodruff Ave

Last sold on August 4th, 2014

  • September, 2024

  • Sep 12, 2024

    Date

    Active

    CRMLS: PW24189785

    $1,430,000

    Price

  • August, 2014

  • Aug 4, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 5919 Woodruff Ave

Assessed Value (2020): $487,890
Year Land Value Improved Value Assessed Value
2020 $156,116 $331,774 $487,890

Home Value Compared to the Market

This property vs the competition

5919 Woodruff Ave is listed 68.24% higher than the median list price for the city of Lakewood which has a median list price of $850,000. The median price per/sqft for Lakewood is $611 and this home is listed at $337.98 per/sqft which puts the price per square foot 44.68% lower than the median price per square foot for the city of Lakewood.

About 5919 Woodruff Ave

Detailed summary of property

5919 Woodruff Ave is a fourplex located in Lakewood, CA 90713 and is currently for sale. This fourplex offers 9 bedrooms, 5 bathrooms, roughly 4,231 living square feet, and sits on an approximately 8,483 square foot lot. 5919 Woodruff Ave was first listed on ArdentRealEstateGroup.com on September 12, 2024. The homeowner is currently asking $1,430,000. The median priced home in Lakewood is $850,000 with a median price per square foot of $611. Based on Ardent Real Estate Group's Lakewood Market Data, this home is listed 68.24% higher than the median priced home. Local competing homes currently for sale include 5174 Linden Ave, 246 E Hullett St and 4134 E Jacinto Way. While the average home in Lakewood, CA is selling in 45 days, 5919 Woodruff Ave has a days on market of 7 days. There are currently 100 homes for sale in the Lakewood real estate market and 91 of them are single family homes while 5 of them are condos and 4 are townhomes. For more information on this home for sale at 5919 Woodruff Ave Lakewood, CA 90713 contact Ardent Real Estate Group and we will put you in touch with one of our Lakewood agents.

Public Facts for 5919 Woodruff Ave

Public county record property details
Beds
9
Baths
5
Year built
1969
Sq. Ft.
4,231
Lot Size
8,483
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
--
APN
7165-016-021

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
$860,000
Median List Price/Sq.Ft.
$677
Median Sold Price
$845,000
Median Sold Price/Sq.Ft.
$707
Total Inventory
41
Median Sale to List Price %
99.41%
Avg Days on Market
18
Loan Type
Conventional (43.75%), FHA (12.5%), VA (0%), Cash (18.75%), Other (18.75%)

Tour This Home

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Contact Jon
Lakewood Agent
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(714) 706-1823

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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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