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1136 E Ridgewood St, Long Beach, CA 90807
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1136 E Ridgewood St Long Beach, CA 90807

$1,399,000
  • 7 Beds
  • 4 Baths
  • 2,456 Sq.Ft.
For Sale
$1,399,000 Get Pre-Qualified
Map preview of 1136 E Ridgewood St, Long Beach, CA 90807

Property Overview: 1136 E Ridgewood St Long Beach, CA has 7 bedrooms, 4 bathrooms, 2,456 living square feet and 6,098 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Varinder Kumar | BRE #02059761 | Coldwell Banker West
Last checked: 4 minutes ago | Last updated: September 19th, 2024 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft
6,098
HOA Dues
$0/mo
Year built
1947
Garage
--
Property Type:
Triplex
Status
Active
MLS#
PT24193090
City
Long Beach
County
Los Angeles
Time on Site
1 day
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $3,245
  • Total Rent: $3,245
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $91,740
  • Net Operating Income: $79,900
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $11,840
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $9,000
  • Trash: $0
  • Insurance: $2,084
  • Water/Sewer: $0

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Property Details for 1136 E Ridgewood St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Electric
Heating Information
  • Has Heating
  • Central, Electric, Solar
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Inside
Fireplace Information
  • Has Fireplace
  • Gas
Room Information
  • All Bedrooms Down, Main Floor Bedroom
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Shingle
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Features: Back Yard, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 7135009010
  • Year Built Source: Appraiser
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Bixby Knolls (BK)
  • Directions: Off of Lemon Ave
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 1136 E Ridgewood St

Last sold for $635,000 on October 2nd, 2023

  • September, 2024

  • Sep 17, 2024

    Date

    Expired

    CRMLS: PT24192284

    $1,399,000

    Price

  • Sep 16, 2024

    Date

    Active

    CRMLS: PT24192284

    $1,399,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • September, 2024

  • Sep 17, 2024

    Date

    Active

    CRMLS: PT24193090

    $1,399,000

    Price

  • October, 2023

  • Oct 2, 2023

    Date

    Sold

    CRMLS: OC22210683

    $635,000

    Price

  • Sep 27, 2022

    Date

    Active

    CRMLS: OC22210683

    $675,000

    Price

  • Listing provided courtesy of CRMLS

    PRIME LONG BEACH LOCATION! This 3 bed/1 bath home is conveniently located near the Long Beach Traffic Circle. With a walk score of 72, you can enjoy the vast amount of shops and restaurants in the area.

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Tax History for 1136 E Ridgewood St

Assessed Value (2020): $584,704
Year Land Value Improved Value Assessed Value
2020 $416,160 $168,544 $584,704

Home Value Compared to the Market

This property vs the competition

1136 E Ridgewood St is listed 79.36% higher than the median list price for the city of Long Beach which has a median list price of $780,000. The median price per/sqft for Long Beach is $646 and this home is listed at $569.63 per/sqft which puts the price per square foot 11.82% lower than the median price per square foot for the city of Long Beach.

About 1136 E Ridgewood St

Detailed summary of property

1136 E Ridgewood St is a triplex located in Long Beach, CA 90807 and is currently for sale. This triplex offers 7 bedrooms, 4 bathrooms, roughly 2,456 living square feet, and sits on an approximately 6,098 square foot lot. 1136 E Ridgewood St was first listed on ArdentRealEstateGroup.com on September 17, 2024. The homeowner is currently asking $1,399,000. The median priced home in Long Beach is $780,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 79.36% higher than the median priced home. Local competing homes currently for sale include 2165 Earl Ave, 2264 Magnolia Ave and 2011 Cedar Ave. While the average home in Long Beach, CA is selling in 62 days, 1136 E Ridgewood St has a days on market of 2 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1136 E Ridgewood St Long Beach, CA 90807 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1136 E Ridgewood St

Public county record property details
Beds
3
Baths
1
Year built
1947
Sq. Ft.
1,156
Lot Size
6,096
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
173
APN
7135-009-010

The source for these homes facts are from public records.

90807 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$959,000
Median List Price/Sq.Ft.
$603
Median Sold Price
$1,055,000
Median Sold Price/Sq.Ft.
$579
Total Inventory
74
Median Sale to List Price %
100.48%
Avg Days on Market
14
Loan Type
Conventional (54.55%), FHA (0%), VA (4.55%), Cash (9.09%), Other (22.73%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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