NOT LISTED FOR SALE

1022 S Concord St Los Angeles, CA 90023

Estimated Value: $646,000 - $749,867

2 Beds
2 Baths
1,312 Sq Ft
$524/Sq Ft Est. Value

Last Sold January 20, 2017

Last sale price $369,000 $281 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $4,191/month

23 Days on Market

About This Home

As of January 2017

Great opportunity for investor to buy in up-and-coming high demand Los Angeles/Boyle Heights location. Two units , great location, large lot with rear access with plenty of parking. Located close to transportation, local freeways, local amenities, and shopping. Don't miss this great opportunity! Close to Downtown LA.

Last Agent to Sell the Property

Ray Duran

WEDGEWOOD HOMES REALTY License #01947484 Listed on: 11/22/2016

WEDGEWOOD HOMES REALTY

Last Buyer's Agent

ERIK RUIZ

CENTURY 21 REALTY MASTERS License #01916546

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,348

Year Built

  • Built in 1955

Lot Details

  • 6,115 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Back Yard

Home Design

  • 1,312 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 47
  • Assessor Parcel Number 5188021006

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $26,856

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,348

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5188021006
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 281.25

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Public Sewer

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6115.00

Multi Family

  • Gross Income: 26856.00
  • Gross Scheduled Income: 26856.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2048.10
  • Tax Lot: 47

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2020
Sold by
Arguelles Oscar and Arguelles Maria M
Bought by
Arguelles Oscar and Arguelles Maria M
Current Estimated Value
$687,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Outstanding Balance
$271,751
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$412,630

Purchase Details

Listed on
Nov 22, 2016
Closed on
Dec 19, 2016
Sold by
Alfaro Cecilia C
Bought by
Arguelles Oscar and Arguelles Matty
Seller's Agent
Ray Duran
WEDGEWOOD HOMES REALTY
Buyer's Agent
ERIK RUIZ
CENTURY 21 REALTY MASTERS
List Price
$380,000
Sold Price
$369,000
Premium/Discount to List
-$11,000
-2.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.45%
Original Mortgage
$276,750
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 1, 2012
Closed on
Dec 17, 2012
Sold by
Dominguez Santos A
Bought by
Alfaro Cecilia C
Seller's Agent
Jose Rueda
C-21 Powerhouse
Buyer's Agent
Jose Diaz
No Firm Affiliation
List Price
$255,000
Sold Price
$260,000
Premium/Discount to List
$5,000
1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.22%
Original Mortgage
$255,290
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 4, 2011
Sold by
Paez Amalia
Bought by
Dominguez Santos A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,423
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 10, 2011
Sold by
Jr Homes Inc
Bought by
Dominguez Santos A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,423
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 2, 2010
Sold by
Rueda Genesis
Bought by
Jr Homes Inc

Purchase Details

Closed on
Apr 14, 2010
Sold by
Rodriguez Anabel
Bought by
Rueda Genesis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,874
Interest Rate
5.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 9, 2003
Sold by
Harris Emma and Castillo Ramona
Bought by
Rodriguez Anabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,860
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2002
Sold by
Harris Emma and The Jessie Belmontes Trust
Bought by
Harris Emma and Castillo Ramona

Purchase Details

Closed on
Aug 15, 2000
Sold by
Belmontes Jesus and Belmontes Jessie
Bought by
Belmontes Jessie and The Jessie Belmontes Living Tr
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Arguelles Oscar -- Wfg National Title Ins Co
Arguelles Oscar $369,000 Old Republic Title Company
Alfaro Cecilia C $260,000 Old Republic Title Company
Dominguez Santos A -- Lawyers Title
Dominguez Santos A $220,000 Lawyers Title
Jr Homes Inc -- Lawyers Title
Rueda Genesis $160,000 Ticor Title Tustin Orange Co
Rodriguez Anabel $238,000 Ticor Title Company
Castillo Ramona -- Ticor Title Company
Harris Emma -- Ticor Title Company
Harris Emma -- --
Belmontes Jessie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arguelles Oscar $306,000
Closed Arguelles Oscar $304,500
Closed Arguelles Oscar $276,750
Previous Owner Alfaro Cecilia C $255,290
Previous Owner Dominguez Santos A $214,423
Previous Owner Rueda Genesis $157,874
Previous Owner Rodriguez Anabel $287,000
Previous Owner Rodriguez Anabel $30,000
Previous Owner Rodriguez Anabel $230,860
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2017 01/20/17 Sold $369,000 0.0% $281 / Sq Ft
12/15/2016 12/15/16 Pending -- -- --
12/05/2016 12/05/16 Price Changed $369,000 -2.9% $281 / Sq Ft
11/22/2016 11/22/16 For Sale $380,000 +46.2% $290 / Sq Ft
01/31/2013 01/31/13 Sold $260,000 +2.0% $198 / Sq Ft
12/23/2012 12/23/12 Pending -- -- --
10/01/2012 10/01/12 For Sale $255,000 -- $194 / 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 $5,348 $428,250 $278,537 $149,713
2024 $5,348 $419,854 $273,076 $146,778
2023 $5,248 $411,622 $267,722 $143,900
2022 $5,009 $403,552 $262,473 $141,079
2021 $4,946 $395,640 $257,327 $138,313
2020 $4,992 $391,584 $254,689 $136,895
2019 $4,801 $383,907 $249,696 $134,211
2018 $4,769 $376,380 $244,800 $131,580
2016 $3,403 $269,237 $207,106 $62,131
2015 $3,355 $265,194 $203,996 $61,198
2014 $3,378 $260,000 $200,000 $60,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB16751588

California Regional Multiple Listing Service (CRMLS)

APN: 5188-021-006