15335 Woodruff Pl Bellflower, CA 90706-4025

This exceptional 5-unit multifamily investment property in Bellflower, CA, presents a compelling opportunity. The property, comprised of three buildings constructed in 1958 and 1971, offers a mix of single-story and two-story townhome units, each featuring two bedrooms. Four units are two-story townhomes, each with a private patio (two boast spacious wrap-around patios). Three units have undergone significant renovations. Each unit includes a water heater and two assigned parking spaces, totaling ten spaces across the property. Residents benefit from an on-site laundry facility, generating additional income. The property sits on a 0.22-acre lot, totaling 4,628 square feet of net rentable space. The asking price is $1,700,000, representing $340,000 per unit, with a current NOI of $88,737 and a pro-forma NOI of $115,940. This translates to a current cap rate of 5.22% and a pro-forma cap rate of 6.82%. Its prime location near Woodruff Avenue and Alondra Boulevard offers convenient access to schools (Woodruff Elementary, Bellflower Middle, and Bellflower High), major shopping centers (Promenade at Downey, Downey Landing, Los Cerritos Center, and Plaza 183), and freeways (I-605, SR-91, and I-605), making it highly attractive to tenants. The property is offered fee simple. Drive-by only