$1,350,000
$1,399,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
6,098 Sqft Lot
SOLD DATE : 11/07/2024
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Bixby Knolls (Bk)
MLS Listing ID PT24193090
Sold Date 11/07/24
HOA Y/N No
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
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
Financing Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Veronica Haro • Kimberly Rangell-Peleras, Broker
GET MORE INFORMATION
Broker Associate | Lic# 01905244