Long Beach, CA 90807,1136 East Ridgewood Street
Long Beach, CA 90807,1136 East Ridgewood Street
Long Beach, CA 90807,1136 East Ridgewood Street
Listed by Varinder Kumar • Coldwell Banker West
$1,350,000
Est. payment /mo
Est.Price: ?

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2,456 SqFt
SOLD DATE : 11/07/2024

Key Details

Sold Price $1,350,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 2,456 sqft

Price per Sqft $549

Subdivision Bixby Knolls

MLS Listing ID PT-24193090

Year Built 1947

Lot Size 6,098 Sqft

Property Description

Discover an exceptional investment opportunity with this stunning triplex located at 1136 E Ridgewood Street in the highly desirable neighborhood of Bixby Knolls, Long Beach. This property has a blend of modern living and strategic investment with an attractive cap rate of 5.66. The triplex includes a front home with approximately 1136 square feet, 3 bedrooms, and 2 bathrooms, while each of the two back units approximately 650 square feet with 2 bedrooms and 1 bathroom. Key features include maximizing rental income potential and modern amenities such as fully paid-off solar panels. Located directly across from Clara Barton Elementary School, this property provides unmatched convenience for families in a charming community setting. Whether you're an investor seeking a high-yield asset or a home buyer interested in living in one unit while receiving rental income from the others, this property is the perfect choice. Don't miss the chance to own a piece of this thriving community.

Location

State CA

County Los Angeles

Zoning LBR1N

Interior

Heating Solar, Central

Cooling Central Air, Electric

Fireplaces Type Gas

Laundry Gas & Electric Dryer Hookup, Inside

Exterior

Parking Features Uncovered

Pool None

Community Features Curbs, Sidewalks, Street Lights

Utilities Available Electricity Connected

Building

Lot Description Front Yard, Back Yard

Sewer Public Sewer

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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