1136 E Ridgewood Street

Long Beach, CA 90807

$1,399,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1947

calendar_month Built

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.

Listing Information

List Price $1,399,000
Status Active
MLS PT24193090
HOA $0
Type Residential Income
Subtype Triplex
Year Built 1947
Lot Size 6,098
Structure Size N/A
DOM 3
Courtesy Of Coldwell Banker West
Listing Agent Varinder Kumar DRE#02059761

Interior Features

Laundry Information
Location(s) Electric Dryer Hookup, Gas Dryer Hookup, Inside
Bedroom Information
Features Bedroom on Main Level, All Bedrooms Down
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features Gas
Additional Information
Additional Features All Bedrooms Down, Bedroom on Main Level
Cooling Type
Cooling Type Central Air, Electric

Exterior Information

Maps

Listing information courtesy of: Varinder Kumar, Coldwell Banker West . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 20th, 2024 at 6:33 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.