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1136 E Ridgewood ST Long Beach, CA 90807
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Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPT24193090
Sold Date 11/07/24
Originating Board California Regional MLS
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
Area 6 - Bixby, Bixby Knolls, Los Cerritos
Interior
Heating Solar, Central Forced Air, Electric
Cooling Central AC, Central Forced Air - Electric
Laundry Other, 38
Exterior
Garage Uncovered Parking
Pool None
Roof Type Shingle
Building
Story One Story
Water District - Public
Others
Tax ID 7135009010
Special Listing Condition Not Applicable
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Bought with Veronica Haro