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15531 Woodruff Ave 10 Unit Apartment Building $3,950,000 ($395,000/Unit) 4.46% Cap Rate Bellflower, CA 90706
INVESTMENT HIGHLIGHTS
- All Large 2- & 3-Bedroom Townhomes with Central A/C, Attached Garages, and Washer/Dryer Hook-Ups
- Excellent Location of Bellflower with Frontage on Major Thoroughfare
- Well-Maintained & Gated Community Constructed in 1987
- Over 6% Cap Rate on Market Rents
PROPERTY FACTS Under Contract
| Price | $3,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $395,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 4.46% | Building Size | 12,082 SF |
| Gross Rent Multiplier | 14.91 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1987 |
| Property Type | Multifamily | Parking Ratio | 1.32/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3PD, Bellflower - Multiple Family Residential | ||
| Price | $3,950,000 |
| Price Per Unit | $395,000 |
| Sale Type | Investment |
| Cap Rate | 4.46% |
| Gross Rent Multiplier | 14.91 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 12,082 SF |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | R3PD, Bellflower - Multiple Family Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 9 | $2,134 | 1,190 |
| 3+2 | 1 | $2,346 | 1,208 |
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PROPERTY TAXES
| Parcel Number | 6274-036-028 | Improvements Assessment | $1,683,000 |
| Land Assessment | $1,530,000 | Total Assessment | $3,213,000 |
PROPERTY TAXES
Parcel Number
6274-036-028
Land Assessment
$1,530,000
Improvements Assessment
$1,683,000
Total Assessment
$3,213,000
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15531 Woodruff Ave
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