$760,000
SOLD FEB 6, 2025

641 S Sadler Ave Los Angeles, CA 90022

6 Beds
3 Baths
1,743 Sq Ft
6,827 Sq Ft Lot

Recently Sold

$436 Per Sq Ft

8% Below List Price

147 Days on Market

About This Home

As of February 2025

JUST REDUCED PRICE!!!Great opportunity for investors!! Well located and Nice and Clean 2 units at south of East Los Angeles. Front unit has 2 beds, 1 bath, the rear unit, a detached home, has 3 bedrooms, 1.5 full baths, with an eat in kitchen and a back porch with laundry hook-ups that lead directly to the rear yard, ample parking spaces.

Last Agent to Sell the Property

Victor Torres

VT REALTY & FINANCIAL SERVICES Brokerage Phone: 323-481-1116 License #01468993 Listed on: 07/17/2024

Last Buyer's Agent

Victor Torres

VT REALTY & FINANCIAL SERVICES Brokerage Phone: 323-481-1116 License #01468993 Listed on: 07/17/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,414

Year Built

  • Built in 1924

Lot Details

  • 6,827 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Duplex

Interior Spaces

  • 1,743 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 332
  • Tax Tract Number 5445
  • Assessor Parcel Number 6341031030
  • $1,181 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Trash Expense $140
  • Water Sewer Expense $860
  • Operating Expense $1,900
  • Gross Income $4,200
  • Net Operating Income $2,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,414

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Price Per Unit: 399500
  • Property Attached: No
  • Water Sewer Expenses: 860.00
  • Zoning: LCR3YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6341031030
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 436.03

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 140.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6827.00
  • Lot Size Acres: 0.1567

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4200.00
  • Gross Scheduled Income: 4200.00
  • Insurance Expense: 900.00
  • Lot Size Area: 6827.0000 Square Feet
  • Net Operating Income: 2300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 2
  • Operating Expense: 1900.00
  • Rent Control: No
  • Total Actual Rent: 4200.00
  • Total Expenses: 1900.00

Tax Info

  • Tax Census Tract: 5317.01
  • Tax Lot: 332
  • Tax Tract Number: 5445
  • TaxOtherAnnualAssessmentAmount: 1181.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2024
Closed on
Jan 29, 2025
Sold by
Vega Salvador and Vega Salvador
Bought by
Gonzalez Jose Eusebio Leon and Leon Marta Ligia
Seller's Agent
Victor Torres
VT REALTY & FINANCIAL SERVICES
Buyer's Agent
Victor Torres
VT REALTY & FINANCIAL SERVICES
List Price
$829,000
Sold Price
$760,000
Premium/Discount to List
-$69,000
-8.32%
Views
45
Current Estimated Value
$772,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,489
Avg. Annual Appreciation
0.19%
Original Mortgage
$532,000
Outstanding Balance
$531,099
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$229,567

Purchase Details

Listed on
Jul 17, 2024
Closed on
Dec 19, 2024
Sold by
Cervantes Vega Zenaida and Cervantes Salvador Vega
Bought by
Vega Salvador and Vega Salvador
Seller's Agent
Victor Torres
VT REALTY & FINANCIAL SERVICES
Buyer's Agent
Victor Torres
VT REALTY & FINANCIAL SERVICES
List Price
$829,000
Sold Price
$760,000
Premium/Discount to List
-$69,000
-8.32%
Views
45

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Outstanding Balance
$531,099
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$229,567
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $760,000 Fidelity National Title
Gift Deed -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $532,000 New Conventional
Previous Owner $132,750 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2025 02/06/25 Sold $760,000 -4.9% $436 / Sq Ft
12/11/2024 12/11/24 Pending -- -- --
10/21/2024 10/21/24 Price Changed $799,000 -3.6% $458 / Sq Ft
07/17/2024 07/17/24 For Sale $829,000 -- $476 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,414 $613,376 $357,626 $255,750
2023 $3,306 $180,659 $70,619 $110,040
2022 $3,215 $177,118 $69,235 $107,883
2021 $3,122 $173,646 $67,878 $105,768
2020 $3,102 $171,866 $67,182 $104,684
2019 $3,029 $168,497 $65,865 $102,632
2018 $2,966 $165,194 $64,574 $100,620
2016 $2,840 $158,781 $62,067 $96,714
2015 $2,711 $156,397 $61,135 $95,262
2014 $2,693 $153,334 $59,938 $93,396
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV24146436

California Regional Multiple Listing Service (CRMLS)

APN: 6341-031-030