Long Beach, CA 90807 1136 E Ridgewood Street
$1,399,000
7 more
Presented By: Varinder Kumar with Coldwell Banker West; 562-418-0998
Beds • 2
Baths • 1
SQFT • 2,456
Home Details
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.
Presented By: Varinder Kumar with Coldwell Banker West; 562-418-0998
Interior Features for 1136 E Ridgewood Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesGas
Fireplace Y/NYes
Heating Y/NYes
Laundry FeaturesElectricDryerHookup, GasDryerHookup, Inside
Total Stories1
Other Rooms
Entry Level1
General for 1136 E Ridgewood Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, StreetLights, Sidewalks
CoolingCentralAir, Electric
CountyLos Angeles
Days on Market10
DirectionsOff of Lemon Ave
ElectricItem220Volts
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income91740.0
HOA0.0
HeatingCentral, Electric, Solar
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense2084.0
Interior FeaturesAllBedroomsDown, BedroomonMainLevel
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet6098.0
Lot Size UnitsSquareFeet
MLS Area6 - Bixby, Bixby Knolls, Los Cerritos
MobileHomeRemainsYNNo
Net Operating Income79900.0
New ConstructionNo
Number of Units Leased3
NumberOfUnitsTotal3
Operating Expense11840.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalTriplex
Property SubTypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameBixby Knolls (BK)
Tax Lot173
Taxes$9,000
Tenant PaysAllUtilities, Electricity, Gas
TermsCashtoNewLoan, Conventional
Total Actual Rent91740.0
Trash Expense0.0
UtilitiesElectricityConnected
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1947
Year Built SourceAppraiser
ZoningLBR1N
Exterior for 1136 E Ridgewood Street
Building Area Total2456.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard, FrontYard
Lot Size Acres0.14
Lot Size Area6098.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters3
Open Parking Y/NNo
Parking FeaturesUncovered
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480