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Sold for $1,350,000
  • Listing Provided by: 

    Kevin Kim DRE #01845504 562-644-2833,

    Real Broker

    Bought with: Henry Steven Camacho
    $1,350,000

    550 Ridgeway Ln, La Habra, CA 90631

    6beds
    6baths
    3,013sqft
    Triplex
    Built in 1962
    -- sqft lot
    $-- Zestimate®
    $448/sqft
    $4,067 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $4,067/mo

    Zestimate® history
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    What's special

    This is a well-kept and easy to own and manage triplex property located in the wonderful city of La Habra. This is a great starter investment Property where all three units are currently occupied by great tenants who always pay their rent in time or may be a great Property for an owner to live in one unit and collect rent from the other two units (subject to California AB 1482 no fault just causes reasons). The lot size is an expansive 0.26 acres with plenty of green yard space and trees. This is simply a wonderful place to live and call home. All three homes are 2 beds-2 baths and are all good sizes (totaling approximately 1,000 sq ft each) with separate laundry rooms, central air, forced air heating, and separate water heaters. There are 3 automatic garages and plenty of other onsite parking spaces including Unit C's carport. Two of the three garage opener machines have been recently replaced with new ones in 2023 and the entire HVAC unit for Apt. B was replaced with a brand new unit in 2021. Carpets have been replaced with laminate flooring in some of the units. The property is located in a desirable area of La Habra close to Costco, shopping, restaurants, schools and other amenities. Convenient access to Beach Blvd. and all the amenities that Beach Blvd. provides. All three units are currently occupied on a month to month rental but are subject to California AB 1482. Total monthly rent is $6,777.18. There may be a possibility to build an ADU in the garage spaces (subject to any tenant’s rights under his/her lease) and generate even more rental income to help you pay for your mortgage payments. Buyer to do its own due diligence in regards to the ADU, tenants’ leases and in regards to California AB 1482 and Seller makes no representations or warranties in regards to same. Furthermore, Buyer is responsible for independently verifying the accuracy of all information regarding the Property including but not limited to building and lot size, bedroom/bathroom counts, zoning, building permits/licensing, etc. Seller is a California licensed real estate broker. Property is sold in its "As-Is" condition.

    Zillow last checked: 8 hours ago

    Listing updated: May 23, 2023 at 10:16am

    Listing Provided by:

    Kevin Kim DRE #01845504 562-644-2833,

    Real Broker

    Bought with:

    Henry Camacho, DRE #01072434

    Henry Steven Camacho

    Source: CRMLS,MLS#: PW23049943MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Inside
    Features
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 3,013
    • Total interior livable area: 3,013 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Door-Single, Driveway, Garage, On Street
    • Garage spaces: 3
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 0.26 Acres
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 01804124
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    • Attached to another structure: Yes
    Materials
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1962

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Storm Drain(s), Street Lights, Sidewalks
    Location
    • Region: La Habra
    • Subdivision: ,Other

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,1031 Exchange

    Price history

    DateEventPrice
    5/22/2023Sold$1,350,000+8%$448/sqft
    Source: CRMLS #PW23049943 Report a problem
    5/3/2023Pending sale$1,250,000+65.8%$415/sqft
    Source: CRMLS #PW23049943 Report a problem
    2/15/2018Listing removed$1,800$1/sqft
    Source: Zillow Rental Manager Report a problem
    2/7/2018Listed for rent$1,800+12.5%$1/sqft
    Source: Zillow Rental Manager Report a problem
    9/27/2015Listing removed$1,600$1/sqft
    Source: Coldwell Banker Best Realty #PW15189838 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$16,602 +6.5%$1,404,540 +2%
    2024$15,584 -0.4%$1,377,000 +58.2%
    2023$15,646 +56.7%$870,628 +2%

    Find assessor info on the county website

    Neighborhood: 90631

    Nearby schools

    GreatSchools rating
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