5536 E Daggett Street

WhatsApp Facebook Twitter Pinterest Linkedin Email

Pending

5536 E Daggett Street

Long Beach, California

$2,200,000

Overview

Residential
Property Type

8
Bedrooms

8
Bathrooms

4
Garages

5135
Sqft

111441
Property ID

Description

Sage Real Estate is proud to present 5536 E. Daggett Ave, a rare multifamily investment opportunity in the highly sought-after Los Altos neighborhood of Long Beach (90815). Surrounded primarily by single-family homes with an average sales price of $1,100,000, this property stands out as one of the few fourplexes in the area. Out of the 2,848 fourplexes in Long Beach, only 5% are located in this zip code, and no similar property has sold in this part of Los Altos in over five years. At 5,135 square feet, this is one of the largest fourplexes in Long Beach. This well-maintained four-unit building features spacious 2-bedroom, 2-bathroom units, each approximately 1,075 sq. ft. Additionally, a brand-new ADU offers 1 bedroom, 1 bathroom, and 835 sq. ft. of living space, and will be delivered vacant at closing, providing an excellent opportunity for owner occupancy or additional rental income. The current rental income from the four occupied units is $2,178, $2,500, $1,955, and $1,383 per month, with additional income potential from the ADU. Unit 3, considered the **owner’s unit**, features air conditioning for added comfort. Two of the units have in-unit washer/dryer hookups, while the remaining three share a common area laundry. All units are upgraded with dual-pane windows. Heating systems vary by unit, with most featuring efficient heat pumps, while Unit 4 is equipped with radiant heat. The property is equipped with all-new electrical main panels, four garages, and RV parking. With strong rental demand, immediate cash flow, and long-term appreciation potential, this is an exceptional investment opportunity in one of Long Beach’s most desirable neighborhoods.