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    5915 Woodruff Avenue , #1

    Lakewood, CA 90713
    • $1,399,000
    • STATUS: Pending
    • ON SITE: 13 days
    • ID#: PW20214162
    Pending
    UPDATED: 45 min ago
    $1,399,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,231
      SQFT
    • $331
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1969
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T15:29:23.897. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/110905925
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    5915 Woodruff Avenue , #1 Lakewood, CA 90713

    • Price: $1,399,000
    • Status: Pending
    • Updated: 45 min ago
    • ID#: PW20214162
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    4,231
    SQFT
    $331
    $/SQFT
    1969
    Built
    Neighborhood:
    MAYF - Mayfair
    County:
    Los Angeles
    Area:
    MAYF - Mayfair
    Property Description
    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.
    Exterior Features

    Construction Materials Frame Fence YN Yes Fencing Partial Garage Spaces 5.00 Lot Features Front YardLandscapedNear Public TransitPark Nearby Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedDrivewayConcreteGarage Faces SideGarage Door OpenerSee Remarks Parking Total 11.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No Uncovered Spaces 6.00 View Neighborhood View YN Yes

    Interior Features

    Appliances Electric OvenElectric RangeElectric CooktopElectric Water Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 900 Average2 Bed Area Units Square Feet Average3 Bed Area 1531 Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring Carpet Heating Radiant Heating YN Yes Laundry Features Common AreaElectric Dryer HookupInside Levels Two Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.90 Community Features GolfParkSidewalksStorm DrainsStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Garage Income 0.00 Gross Income 87588.00 Gross Multiplier 16.40 Gross Operating Income 81188.00 Gross Scheduled Income 85188.00 Insurance Expense 3000.00 Land Lease YN No Laundry YN Yes Licenses Expense 0.00 Lot Dimensions Source Assessor Maintenance Expense 4000.00 Maintenance Percent 5.00 Net Operating Income 54688.00 New Construction YN No New Taxes Expense 16500.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 26500.00 Operating Expense Percent 32.00 Other Income1 6000.00 Pest Control Expense 300.00 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Electricity Total Actual Rent 4599.00 Total Expenses 26500.00 Trash Expense 0.00 Vacancy Allowance 4000 Vacancy Allowance Rate 5.00 Water Sewer Expense 2700.00 Water Source Public Year Built Source Assessor Zoning Lkmfr*

    Listing provided courtesy of Richard Daskam of Exp Realty Of California


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T15:29:23.897. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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