5536 E Daggett St - Apartments FOR SALE


Long Beach, CA 90815- Los Altos
$2,200,000 USD
562-307-0838
5536 E Daggett St, Long Beach, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

5536 E Daggett St
Long Beach, CA 90815
Los Altos


OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$428 USD /SF

# OF UNITS

4

PRICE/UNIT

$550,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

7225-008-006

ASK ABOUT THIS PROPERTY

Juan HuizarSage Real EstateMore Info
562-307-0838

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Juan HuizarSage Real EstateMore Info
562-307-0838

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.