# @varindercarealtor on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DCGlcW6RqMA
- **Gondola URL:** https://gondola.cc/posts/61678501-varindercarealtor-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/6376f69fde.jpg
- **Posted:** 2024-11-08T08:00:07.000+00:00
- **Account Owner:** Varinder Kumar | Real Estate Services (@varindercarealtor) — https://gondola.cc/varindercarealtor

## Caption

📢 Just Closed! 📢

I’m thrilled to announce the successful closing of this beautifully remodeled triplex in Long Beach, CA! This property offered a unique investment opportunity with:

✔️ 5.6% Cap Rate
✔️ Monthly Income of $7,650
✔️ Upside Potential for Rent Increases
✔️ No Rent Control

This triplex combines modern renovations, tenant-paid utilities, in-unit laundry, paid-off solar panels, and ample parking – features that not only attract quality tenants but also maximize returns for the new owner.

Property Highlights:
🏠 Location: 1136 E Ridgewood St, Long Beach, CA
💵 Sale Price: $1,399,000
💼 Unit Mix: Two 2-bed/1-bath and one 3-bed/2-bath units
🌞 Solar-Powered | Tenant-Paid Utilities | Prime Location Close to Amenities

Looking to buy, sell, or invest in Orange & LA County? My goal is to help investors maximize their portfolios and property owners achieve the highest possible return. Whether you’re looking to add to your real estate investments or thinking about selling, let’s connect and discuss how I can help you meet your objectives.

Feel free to reach out to me directly or tag someone who might be interested!

#RealEstate #InvestmentProperty #MultifamilyInvesting #CommercialRealEstate #IncomeProperty #LongBeachRealEstate #JustClosed #RealEstateInvesting #VarinderKumarRealEstate #CRE #RealEstateBroker #OrangeCountyRealEstate #PassiveIncome #LinkedInNetwork #PropertyManagement #realestateinvestor

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## Tags

passiveincome, realestatebroker, realestate, orangecountyrealestate, commercialrealestate, varinderkumarrealestate, realestateinvestor, incomeproperty, cre, multifamilyinvesting, propertymanagement, investmentproperty, linkedinnetwork, justclosed, realestateinvesting, longbeachrealestate

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