736 S Sadler Avenue, East Los Angeles, CA 90022

About this fourplex

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.

Listing description from the September 2023 sale, as reported to CRMLS.

Sale history

$825,000

Sold September 2023 · listed $850,000, on market July 2023 · MLS #DW23138379 · Source: CRMLS

Listing Agent: David Gomez · Listing Office: Realty Executives Com. & Res. · Contact: 562-205-1700 · Bought with: Leticia Perez · RE/MAX OLYMPIC

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