Active
5536 E Daggett Street
Long Beach CA, 90815
$2,200,000
$428.43 per sqft
Active
5,135 sqft
Multi-family
Built in 1963
Listed by Juan Huizar with Sage Real Estate Group, Inc. 562-307-0838
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.
PW25047352
MLSⓇ ID
March 13, 2025
Listed
March 14, 2025
Updated
Interior Features
Total Stories
2
Laundry Description
Common Area, Electric Dryer Hookup, Gas Dryer Hookup
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Heat Pump
Exterior/Building Features
Lot Size
0.15 Acres
Lot Features
0-1 Unit/Acre
Sewer
Public Sewer
Other Property Details
Area Name
34 - Los Altos, X-100
Garage
Yes
Garage Spaces
4
Parking
Assigned
Parking Total
5
View
No
View Description
None
County
Los Angeles
Water Source
Public
Pool Features
None
Zoning
LBR4R
Listing Contact: 562-400-7622
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/14/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/14/2025 at 10:39 AM UTC