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listing
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Residential IncomeFor Sale
$1,399,000
1136 E Ridgewood Street
Long Beach, CA 90807
Listed by Varinder Kumar DRE#02059761 [email protected] Coldwell Banker West
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$7,321/mo

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 (Unit 1136) with approximately 1,136 square feet, 3 bedrooms, and 2 bathrooms, while Units 1140 and 1140 A each approximately 650 square feet with 2 bedrooms and 1 bathroom. Key features include maximizing rental income potential, generating a total monthly income of $7,650, 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.

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Information courtesy of Coldwell Banker West is subject to verification and is not guaranteed.
Community / School Information