NOT LISTED FOR SALE

736 S Sadler Ave Los Angeles, CA 90022

Estimated Value: $788,000 - $933,041

3 Beds
4 Baths
2,432 Sq Ft
$357/Sq Ft Est. Value

Last Sold September 20, 2023

Last sale price $825,000 $339 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,744/month

29 Days on Market

About This Home

As of September 2023

Perfect 4 unit multi-family investment property located in the very desirable rental area of East Los Angeles. First Time in the market in 17+ years
the subject property unit mix consists of 4 units, 3 nice size one bedroom and one bathroom units and one studio unit in the rear. This is an excellent
opportunity as this property can be sold with the adjacent 3 unit property located on 732 S. Sadler (MLS #DW23138336). The new owner will appreciate the current income yielding a 5.11% cap rate and $212,500 cost per unit. Total rentable square feet of the building is approximately is 2432 and lot is 6834 square feet. Tenants have parking space and 3 of the units enjoy a one car garage each. The garages can possibly be converted to an ADU. All rental units are separately metered for Gas and Electricity while the owner pays for Water & Trash. Tenants also enjoy the convenience of being located walking distance to the many shops and restaurants off of the Whittier Boulevard's retail corridor and within a short drive to the 5,60 and 710 freeways. With limited inventory this prime location property is just a few blocks from the city of Montebello and is perfect for the 1031 exchange investor or
a buyer that may want to live in one of the units. Must see to appreciate. Investor will not be disappointed.

Last Agent to Sell the Property

David Gomez

Realty Executives Com. & Res. License #01805497 Listed on: 07/26/2023

Realty Executives Com. & Res.

Last Buyer's Agent

LETICIA PEREZ

TRT CAPITAL License #01815403

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,839

Year Built

  • Built in 1952

Lot Details

  • 6,834 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 3 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 2,432 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 482
  • Tax Tract Number 5445
  • Assessor Parcel Number 6342028011
  • $1,976 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,600
  • Maintenance Expense $1,800
  • Pest Control $1,200
  • Water Sewer Expense $2,600
  • New Taxes Expense $12,756
  • Operating Expense $21,156
  • Net Operating Income $43,428

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,839

Year Built

Built in 1952

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.11
  • Price Per Unit: 212500
  • Property Attached: Yes
  • Water Sewer Expenses: 2600.00
  • Zoning: LCR305
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6342028011
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 339.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Rectangular Lot
  • Lot Size Sq Ft: 6834.00
  • Lot Size Acres: 0.1569

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 64584.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 6834.0000 Square Feet
  • Maintenance Expense: 1800.00
  • Net Operating Income: 43428.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 21156.00
  • Rent Control: Yes
  • Total Actual Rent: 64584.00
  • Total Expenses: 21156.00

Tax Info

  • New Taxes Expense: 12756.00
  • Tax Census Tract: 5317.01
  • Tax Lot: 482
  • Tax Tract Number: 5445
  • TaxOtherAnnualAssessmentAmount: 1976.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2023
Closed on
Aug 28, 2023
Sold by
Adolfo M De Loza And Cristina De Loza Re
Bought by
Two Hearts Apparel Inc
Seller's Agent
David Gomez
Realty Executives Com. & Res.
Buyer's Agent
LETICIA PEREZ
TRT CAPITAL
List Price
$850,000
Sold Price
$825,000
Premium/Discount to List
-$25,000
-2.94%
Views
68
Current Estimated Value
$868,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,760
Avg. Annual Appreciation
4.34%

Purchase Details

Closed on
Sep 18, 2007
Sold by
Deloza Adolfo and De Loza Cristina
Bought by
Deloza Adolfo M

Purchase Details

Closed on
Apr 11, 2006
Sold by
Perez Tania Maureen and Helen Montalvo Trust
Bought by
Deloza Adolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,750
Interest Rate
6.52%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 23, 2005
Sold by
Montalvo Helen
Bought by
Montalvo Helen and Helen Montalvo Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
5.58%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 16, 2003
Sold by
Ames Timothy D
Bought by
Ames Irma R

Purchase Details

Closed on
Apr 15, 2003
Sold by
Ames Timothy D
Bought by
Ames Irma R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.6%

Purchase Details

Closed on
Feb 28, 2003
Sold by
Ames Irma R and Paredes Irma R
Bought by
Montalvo Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.6%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Two Hearts Apparel Inc $825,000 Chicago Title
Deloza Adolfo M -- None Available
Deloza Adolfo $545,000 Fidelity National Title Co
Montalvo Helen -- --
Ames Irma R -- United Title Company
Ames Irma R -- United
Montalvo Helen $285,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Deloza Adolfo M $295,000
Previous Owner Deloza Adolfo $45,750
Previous Owner Deloza Adolfo $354,250
Previous Owner Montalvo Helen $265,000
Previous Owner Montalvo Helen $228,000
Previous Owner Paredes Irma R $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2023 09/20/23 Sold $825,000 -2.9% $339 / Sq Ft
08/24/2023 08/24/23 Pending -- -- --
07/26/2023 07/26/23 For Sale $850,000 -- $350 / 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
2025 $11,839 $841,500 $561,000 $280,500
2024 $11,839 $825,000 $550,000 $275,000
2023 $10,418 $715,853 $485,995 $229,858
2022 $10,090 $701,817 $476,466 $225,351
2021 $9,773 $688,057 $467,124 $220,933
2019 $9,431 $667,651 $453,270 $214,381
2018 $9,572 $654,561 $444,383 $210,178
2016 $8,938 $608,000 $345,500 $262,500
2015 $8,132 $570,000 $323,900 $246,100
2014 $7,611 $520,000 $295,500 $224,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23138379

California Regional Multiple Listing Service (CRMLS)

APN: 6342-028-011