V
Seller's Agent in 2024
Varinder Luhanibal
Coldwell Banker West
1136 E Ridgewood St Long Beach, CA 90807
Bixby Knolls NeighborhoodEstimated Value: $1,026,000 - $1,384,000
7
Beds
4
Baths
2,456
Sq Ft
$518/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- Central Heating and Cooling System
- Hughes Middle School Rated A-
- Solar Heating System
- Back and Front Yard
About This Home
As of November 2024Discover 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.
Last Agent to Sell the Property
Varinder Luhanibal
Coldwell Banker West Brokerage Phone: 562-418-0998 License #02059761 Listed on: 09/17/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 6,098 Sq Ft Lot
- No Common Walls
- Back and Front Yard
Home Design
- Triplex
- Entry on the 1st floor
- Shingle Roof
Interior Spaces
- 2,456 Sq Ft Home
- 1-Story Property
- Gas Fireplace
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Parking
- Parking Available
- Uncovered Parking
Utilities
- Central Heating and Cooling System
- 220 Volts
Additional Features
- Solar Heating System
- Exterior Lighting
Listing and Financial Details
- Tenant pays for all utilities, electricity, gas
- Tax Lot 173
- Tax Tract Number 13276
- Assessor Parcel Number 7135009010
- $372 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
- Bixby Knolls Subdivision
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $2,084
- New Taxes Expense $9,000
- Operating Expense $11,084
- Gross Income $91,740
- Net Operating Income $79,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 17, 2024
Closed on
Oct 18, 2024
Sold by
Commonwealth3 Llc
Bought by
Vela Francisco Javier Molin and Haro Cristina
Seller's Agent
Varinder Luhanibal
Coldwell Banker West
Buyer's Agent
Veronica Haro
Equity Smart Real Estate Serv
List Price
$1,399,000
Sold Price
$1,350,000
Premium/Discount to List
-$49,000
-3.5%
Views
23
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$78,117
Avg. Annual Appreciation
-5.14%
Original Mortgage
$867,861
Outstanding Balance
$858,261
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$413,622
Purchase Details
Closed on
May 31, 2024
Sold by
Perini Cesar and Perini Paulo
Bought by
Commonwealth3 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,015,000
Interest Rate
7.17%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 27, 2022
Closed on
Sep 27, 2023
Sold by
Maria G Estrada 2017 Trust
Bought by
Perini Cesar and Perini Paulo
Seller's Agent
Ruben Martinez
Fiduciary Real Estate Services
Buyer's Agent
Janet Yang
Harmon Homes Inc.
List Price
$675,000
Sold Price
$635,000
Premium/Discount to List
-$40,000
-5.93%
Views
283
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.55%
Original Mortgage
$691,480
Interest Rate
7.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 8, 2023
Sold by
Perini Perla
Bought by
Perini Cesar
Purchase Details
Closed on
Jun 2, 2018
Sold by
Estrada Maria G
Bought by
Estrada Ruben G and Estrada Paul G
Purchase Details
Closed on
Jun 28, 2017
Sold by
Estrada Maria G
Bought by
Estrada Maria G and Maria G Estrada 2017 Trust
Purchase Details
Closed on
Jun 15, 2017
Sold by
Estrada Maria G
Bought by
Estrada Maria G and Estrada Ruben G
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vela Francisco Javier Molin | $1,350,000 | Chicago Title Company | |
| Commonwealth3 Llc | -- | Ticor Title Company Of Califor | |
| Perini Cesar | $635,000 | First American Title | |
| Perini Cesar | -- | First American Title | |
| Perini Paulo | -- | First American Title Company | |
| Estrada Ruben G | -- | None Available | |
| Estrada Maria G | -- | None Available | |
| Estrada Maria G | -- | None Available | |
| Estrada Maria G | -- | None Available | |
| Estrada Maria G | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vela Francisco Javier Molin | $867,861 | |
| Previous Owner | Commonwealth3 Llc | $1,015,000 | |
| Previous Owner | Perini Cesar | $691,480 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/07/2024 11/07/24 | Sold | $1,350,000 | -3.5% | $550 / Sq Ft | |
| 09/22/2024 09/22/24 | Pending | -- | -- | -- | |
| 09/17/2024 09/17/24 | For Sale | $1,399,000 | +120.3% | $570 / Sq Ft | |
| 10/02/2023 10/02/23 | Sold | $635,000 | -5.9% | $549 / Sq Ft | View Prior Sale |
| 05/30/2023 05/30/23 | Pending | -- | -- | -- | |
| 09/27/2022 09/27/22 | For Sale | $675,000 | -- | $584 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,418 | $1,350,000 | $950,000 | $400,000 |
| 2024 | $8,418 | $635,000 | $508,000 | $127,000 |
| 2023 | $8,019 | $614,625 | $437,457 | $177,168 |
| 2022 | $7,527 | $602,575 | $428,880 | $173,695 |
| 2021 | $7,380 | $590,761 | $420,471 | $170,290 |
| 2020 | $7,361 | $584,704 | $416,160 | $168,544 |
| 2019 | $2,132 | $148,163 | $92,572 | $55,591 |
| 2018 | $2,035 | $145,258 | $90,757 | $54,501 |
| 2016 | $1,872 | $139,620 | $87,234 | $52,386 |
| 2015 | $1,802 | $137,524 | $85,924 | $51,600 |
| 2014 | $1,797 | $134,831 | $84,241 | $50,590 |
Source: Public Records
Agents Affiliated with this Home
-
-
Veronica Haro
V
Buyer's Agent in 2024
Veronica Haro
Equity Smart Real Estate Serv
(562) 863-2121
1 in this area
9 Total Sales
-
Ruben Martinez
Seller's Agent in 2023
Ruben Martinez
Fiduciary Real Estate Services
(714) 371-3269
1 in this area
165 Total Sales
-
Logan Martinez
Seller Co-Listing Agent in 2023
Logan Martinez
Fiduciary Real Estate Services
(949) 273-8169
1 in this area
166 Total Sales
-
Janet Yang
Buyer's Agent in 2023
Janet Yang
Harmon Homes Inc.
(562) 677-4444
1 in this area
76 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PT24193090
APN: 7135-009-010
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 1124 E Ridgewood St
- 1060 E 45th Way
- 5024 N Bentree Cir
- 810 E Silva St
- 1048 E Marcellus St
- 4505 California Ave Unit 506
- 5050 Linden Ave Unit 75
- 400 E Arbor St Unit 1
- 4485 Myrtle Ave
- 4521 Whaley Ave
- 5320 Lime Ave
- 312 E Peace St
- 1648 E Plymouth St
- 300 E Arbor St Unit 12
- 4251 Gundry Ave
- 223 E Pleasant St
- 305 E 52nd St
- 4700 Clair Del Ave Unit 538
- 5493 Cerritos Ave
- 4224 Falcon Ave
- 1130 E Ridgewood St
- 1142 E Ridgewood St
- 1148 E Ridgewood St
- 1131 E 46th St
- 1125 E 46th St
- 1137 E 46th St
- 1118 E Ridgewood St
- 1154 E Ridgewood St
- 1119 E 46th St
- 1112 E Ridgewood St
- 1113 E 46th St
- 4813 Bentree Ave
- 1106 E Ridgewood St
- 4801 Bentree Ave
- 4819 Bentree Ave
- 1107 E 46th St
- 1130 E 46th St
- 1124 E 46th St
- 1100 E Ridgewood St
- 4715 Bentree Ave