NOT LISTED FOR SALE

742 S Sadler Ave Los Angeles, CA 90022

Estimated Value: $740,000 - $860,074

3 Beds
2 Baths
2,442 Sq Ft
$328/Sq Ft Est. Value

Last Sold February 03, 2020

Last sale price $550,000 $225 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $5,050/month

26 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property

About This Home

As of February 2020

This value priced Duplex is a handyman's special has a total of 1,752 square feet of living space 2 bedrooms 1bath and 1 bed/1 bath. First unit can easily be converted back into 2bed unit.
It sits on a huge 6,846 square feet Lot with a long concrete driveway enough parking for up to 6 vehicles and RV parking. This property has unlimited potential public records show 3 units but physically there is only 2 units, zoning is LCR3/Triplex.
This property is walking distance to CITADEL outlets mall area, shopping centers, transportation and easy access to 5 & 710 freeway.
This property was recently appraised for $550,000.00
Great investors opportunity!

Last Agent to Sell the Property

Esthela Arroyo

Faith Real Estate, Inc. License #01433495 Listed on: 10/23/2019

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,250

Year Built

  • Built in 1922

Lot Details

  • 6,846 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 2,442 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 483
  • Tax Tract Number 5445
  • Assessor Parcel Number 6342028012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,000
  • Trash Expense $360
  • Water Sewer Expense $550
  • New Taxes Expense $8,312
  • Operating Expense $35,178
  • Gross Income $46,000
  • Net Operating Income $46,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,250

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 550.00
  • Zoning: LCR305
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6342028012
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 225.23

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6846.00
  • Lot Size Acres: 0.1572

Multi Family

  • Average1 Bed Area: 1 Square Feet
  • Average2 Bed Area: 1 Square Feet
  • Gross Income: 46000.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6846.0000 Square Feet
  • Net Operating Income: 46000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Actual Rent: 4000.00
  • Total Expenses: 35178.00

Tax Info

  • New Taxes Expense: 8312.00
  • Tax Census Tract: 5317.01
  • Tax Lot: 483
  • Tax Tract Number: 5445

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 25, 2019
Sold by
Garcia Salvador Andrade
Bought by
Gaid Bishoy and Mayotte Colleen
Current Estimated Value
$802,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,038
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 25, 2014
Sold by
Garcia Salvador A and Sanchez Maty J
Bought by
Garcia Salvador Andrade and Sanchez Maty Jimenez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,550
Interest Rate
4.09%
Mortgage Type
New Conventional
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
Gaid Bishoy $550,000 Ticor Title
Garcia Salvador Andrade -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaid Bishoy $544,000
Closed Gaid Bishoy $539,037
Previous Owner Gaid Bishoy $540,038
Previous Owner Garcia Salvador Andrade $58,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2020 02/03/20 Sold $550,000 0.0% $225 / Sq Ft
01/16/2020 01/16/20 Off Market $550,000 -- --
01/16/2020 01/16/20 For Sale $550,000 0.0% $225 / Sq Ft
01/15/2020 01/15/20 Off Market $550,000 -- --
01/02/2020 01/02/20 Price Changed $550,000 -7.6% $225 / Sq Ft
12/12/2019 12/12/19 For Sale $595,000 +8.2% $244 / Sq Ft
11/19/2019 11/19/19 Off Market $550,000 -- --
11/18/2019 11/18/19 Pending -- -- --
11/15/2019 11/15/19 Price Changed $595,000 -10.5% $244 / Sq Ft
10/23/2019 10/23/19 For Sale $665,000 -- $272 / 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 $8,250 $601,501 $437,456 $164,045
2024 $8,250 $589,708 $428,879 $160,829
2023 $8,089 $578,146 $420,470 $157,676
2022 $7,824 $566,811 $412,226 $154,585
2021 $8,164 $555,698 $404,144 $151,554
2020 $2,162 $60,276 $35,310 $24,966
2019 $2,130 $59,095 $34,618 $24,477
2018 $2,028 $57,938 $33,940 $23,998
2016 $1,939 $55,690 $32,623 $23,067
2015 $1,891 $54,854 $32,133 $22,721
2014 $1,895 $53,780 $31,504 $22,276
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19251314

California Regional Multiple Listing Service (CRMLS)

APN: 6342-028-012