Magnolia Properties acquired 5919 Woodruff, a 4-unit multifamily property in Lakewood, CA, on October 16, 2024. We completed extensive renovations on the existing four units and secured permits for the construction of four new units, which are currently under construction above the expanded covered parking at the rear of the property. The four new units will consist of three 1-bedroom units and one 2-bedroom unit, transforming the property into a 8-unit multifamily residence upon completion.

This property enjoys a desirable location directly across from Mayfair High School and Middle School and just a few doors down from Saint Joseph High School. Residents benefit from easy walkability to an array of shops and restaurants at the nearby South Street intersection which including Vons and Starbucks among other local restaurants and shopping.