732 S Sadler Avenue, East Los Angeles, CA 90022
- $725,000
- Sold Price
- $725,000
- List Price
- $750,000
- Closing Date
- Sep 20, 2023
- Status
- CLOSED
- MLS#
- DW23138336
- Year Built
- 1951
- Lot Size
- 6,804
- Acres
- 0.16
- Lot Location
- Near Public Transit, Rectangular Lot
- Days on Market
- 29
- Property Type
- Multifamily
- Property Sub Type
- Triplex
Property Description
Perfect 3 unit multi-family investment property located in the very desirable rental area of East Los Angeles. First Time in the market in 19+ years the subject property unit mix consists of 3 nice size one bedroom and one bathroom units (Approximately 688 sq. ft each). This is an excellent opportunity as this property can be sold with the adjacent 4 unit property located on 736 S. Sadler (MLS ID #DW23138379). The new owner will appreciate the current income yielding a 4.46% cap rate and $250,000 cost per unit. Total rentable square feet of the building is approximately is 2064 and lot is 6804 square feet. Tenants have one parking space each and enjoy a one car garage. 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.
/u.realgeeks.media/jeremysifuentes/header.png)
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $51,180
- Operating Expense
- 17756
Listing courtesy of Listing Agent: David Gomez (davidmgomez.re.broker@gmail.com) from Listing Office: Realty Executives Com. & Res..
Listing sold by Leticia Perez from RE/MAX OLYMPIC
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.