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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
Square Footage 2,456 sqft
Price per Sqft $549
MLS Listing ID CRPT24193090
Sold Date 11/07/24
Bedrooms 7
HOA Y/N No
Year Built 1947
Lot Size 6,098 Sqft
Acres 0.14
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 Listing
Zoning LBR1
Interior
Heating Electric, Solar, Central
Cooling Central Air, Other
Fireplace No
Laundry Other, Inside
Exterior
Exterior Feature Back Yard, Front Yard
Building
Lot Description Back Yard, Front Yard
New Construction No
Others
Tax ID 7135009010
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with VeronicaHaro