$1,399,000
Pending

1136 E Ridgewood Street

Long Beach, CA 90807
0.14 acres | #PT24193090
Listing OfficeColdwell Banker West
Type:Multi-Family
Structure:3 Family
Zone:Residential

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.

  • Interior Details
      • InteriorAllBedroomsDown, BedroomOnMainLevel
  • Property Details
      • Lot DescriptionBackYard, FrontYard
      • Stories1
    • Measurements
      • Acres0.14
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1947
  • Utilities / Energy Details
      • Utility FeaturesElectricityConnected
      • Sewer InformationPublicSewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionBixby Knolls (BK)
    • Location
      • CountyLos Angeles
  • Financial Details
      • Original List Price$1,399,000
  • Other
      • MLS #PT24193090

Location

Jerry Avila#TheRealEstateGuy
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
$
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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