941 E Ridgewood, Long Beach, California 90807, Long Beach, 90807 - 3 bed, 2 bath
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941 E Ridgewood
Long Beach, California 90807
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
2Baths
1,607Sq Ft
8,138Lot Size
Property Price
LIST PRICE$999,000
EST. MARKET VALUE
$982,552
SUMMARY
This Bixby Knolls Single Family Residence is a High-Potential Investment Opportunity, listed at $999,000—positioned slightly above the $983,434 Fair Market Value. While requiring modernization, the property features a Fair Condition Rating with significant infrastructure upgrades, including a newer roof and HVAC. The massive 8,138 sqft lot offers exceptional ADU Potential and expansion flexibility. This asset provides a solid foundation for value-add strategies in a desirable school district. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to customize a classic 1947 home.
Estimated Market Value
$982,552
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 941 E Ridgewood Subject | $999,000* List Price | 3 | 2 | 1,607 | $611 | - |
A 1048 E 45th Sold | $1,000,000 | 3 | 3 | 1,979 | $505 | 0.2 mi |
B 4537 Linden Avenue Sold | $818,000 | 4 | 3 | 1,557 | $525 | 0.3 mi |
C 5021 Brayton Sold | $765,000 | 5 | 2 | 1,438 | $532 | 0.5 mi |
D 3924 Cerritos Sold | $1,055,000 | 2 | 2 | 1,504 | $701 | 1.0 mi |
E 5024 N Bentree Circle Sold | $935,000 | 4 | 2 | 1,635 | $572 | 0.4 mi |
F 4202 Locust Sold | $1,255,000 | 3 | 2 | 1,778 | $706 | 0.9 mi |
G 4451 E Goldfield Avenue Sold | $835,000 | 3 | 1 | 1,075 | $777 | 0.5 mi |
H 3901 Cherry Sold | $900,000 | 3 | 2 | 1,729 | $521 | 0.8 mi |
I 4504 Pasadena Active | $899,000 List Price | 5 | 2 | 1,573 | $572 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property features newer essential systems including HVAC, roof, windows, and electrical, which provides a solid foundation. However, the kitchen and bathrooms are significantly dated (likely 20-30+ years old) and require modernization. While move-in ready with well-maintained hardwood floors, the interior finishes align with the 'Fair' criteria for dated properties needing updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8138, living area = 1607.
- Expansive Lot & ADU Potential
The massive 8,138 sqft lot provides rare flexibility in Bixby Knolls, offering ample space for a swimming pool, recreational green space, or the addition of an Accessory Dwelling Unit (ADU) to increase property value.
- Major Infrastructure Upgrades
The property features significant recent updates including a newer roof, HVAC system, windows, and electrical, which reduces the immediate need for high-cost capital expenditures on essential systems.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Dated Interior Finishes
The kitchen and bathrooms require full modernization to meet contemporary standards, necessitating a significant additional investment of time and capital from the buyer.
- Renovation Budget vs. Price Point
With a list price near $1 million, the requirement for cosmetic overhauls may deter buyers seeking a turnkey residence, as the total investment will likely exceed the current market entry point for the area.
About 941 E Ridgewood
Unbelievable potential awaits on this Bixby Knolls beauty. A 3 bedroom 2 bath compound with 1,600 sq ft of interior living space on a massive 8,100 sq ft lot with 2 car garage & parking for days on the newly poured concrete pad. Upon entering you can't help but feel the charm this home exudes. High ceilings, beautiful hardwood floors, fireplace and plenty of natural light. The bathrooms & kitchen invite you to bring your own personal design preferences to really make this your own. The primary bedroom suite is located off the rear of the home with its own private access to the backyard. Newer roof, HVAC, windows, electrical are amongst many of the updates already completed to this home. You can easily put in a pool and or ADU with the oversized backyard or just use the green space for all your recreational activities. Business in the front, party in the back! Don't miss this one.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 8,138 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,607 | 1,519.995 |
| Lot Size | 8,138 | 5,807.524 |
| Price | $999.0K | $1.03M |
| Price per sq ft | $622 | $728 |
| Built year | 1947 | 1948 |
| HOA | $0 | $259 |
| Days on market | 34 | 48 |
Pricing History
Listed for Sale
Aug 6, 2026
$999,000
Initial Listing
Sold
Dec 7, 2022
$769,000
Public Record
Sold
Apr 8, 2002
$310,000
Public Record
Sold
Sep 24, 1998
$215,000
Public Record