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Rick J Lee

rjlrealtygroup@gmail.com +1(714) 943-1598

$ 1,399,000

Est. payment -/mo

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Active Under Contract

1136 E Ridgewood ST Long Beach, CA 90807

2,456 SqFt

UPDATED:

10/06/2024 03:08 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,456 sqft

Price per Sqft $569

Subdivision Bixby Knolls (Bk)

MLS Listing ID PT24193090

HOA Y/N No

Year Built 1947

Lot Size 6,098 Sqft

Acres 0.14

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

Area 6 - Bixby, Bixby Knolls, Los Cerritos

Zoning LBR1N

Rooms

Ensuite Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside

Interior

Interior Features All Bedrooms Down, Bedroom on Main Level

Laundry Location Electric Dryer Hookup,Gas Dryer Hookup,Inside

Heating Central, Electric, Solar

Cooling Central Air, Electric

Fireplaces Type Gas

Fireplace Yes

Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside

Exterior

Garage Uncovered

Pool None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Electricity Connected

Roof Type Shingle

Parking Type Uncovered

Private Pool No

Building

Lot Description Back Yard, Front Yard

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7135009010

Acceptable Financing Cash to New Loan, Conventional

Listing Terms Cash to New Loan, Conventional

Special Listing Condition Standard

Listed by Varinder Kumar • Coldwell Banker West • 562-418-0998

Rick J Lee

Agent | License ID: 02130981

+1(714) 943-1598

Rick J Lee

1136 E Ridgewood ST Long Beach, CA 90807

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1136 E Ridgewood ST