NOT LISTED FOR SALE

1026 S Concord St Los Angeles, CA 90023

Estimated Value: $799,000 - $1,061,000

5 Beds
4 Baths
1,982 Sq Ft
$453/Sq Ft Est. Value

Last Sold November 08, 2018

Last sale price $660,000 $333 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $5,652/month

26 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Front Yard
  • Felicitas and Gonzalo Mendez High Rated A-
  • Laundry Room
  • Patio Home

About This Home

As of November 2018

These units are a great investment. Both units to be delivered vacant! Live in one and rent the other. The possibilities are endless. Both units have three bedrooms and two baths. Plenty of parking. Two car detached garage and a car port for two cars with gated alley access. Units are in great condition. Great area of Los Angeles and so close to everything. Downtown LA, bus transportation, gasoline, churches, freeways, schools, eateries, markets and shopping too much to mention.

Last Agent to Sell the Property

Sergio Hernandez

Platinum Home Realty License #01012542 Listed on: 08/28/2018

Co-Listed By

Moises Carlos

Escala Realty Group License #01849964

Last Buyer's Agent

Javier Montes

Century 21 Hollywood License #01164132

Century 21 Hollywood

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,062

Year Built

  • Built in 1940

Lot Details

  • 6,132 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 2 Car Garage
  • Carport
  • Parking Available
  • Shared Driveway

Home Design

  • 1,982 Sq Ft Home
  • Duplex
  • Patio Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Exterior Lighting
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 49
  • Assessor Parcel Number 5188021007

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $840
  • Insurance Expense $1,587
  • Trash Expense $1,920
  • Water Sewer Expense $2,400
  • New Taxes Expense $7,937
  • Operating Expense $13,697
  • Gross Income $54,000
  • Net Operating Income $40,303

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,062

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 6.10
  • Other Phone Description: 562-907-9050
  • Other Phone Number: 310-902-6128
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5188021007
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 333.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Shared Driveway
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside, Outside
  • Sewer: Public Sewer
  • Trash Expense: 1920.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Patio Home
  • Lot Size Sq Ft: 6132.00

Multi Family

  • Electric Expense: 840.00
  • Gross Income: 54000.00
  • Gross Multiplier: 12.20
  • Gross Scheduled Income: 52200.00
  • Insurance Expense: 1587.00
  • Net Operating Income: 40303.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 13697.00
  • Rent Control: Yes
  • Total Expenses: 13697.00

Tax Info

  • New Taxes Expense: 7937.00
  • Tax Census Tract: 2048.10
  • Tax Lot: 49

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2018
Closed on
Oct 9, 2018
Sold by
Rodriguez Francisco and Rodriguez Martha
Bought by
Guardado Jose Louis and Guardado Dora
Seller's Agent
Sergio Hernandez
Platinum Home Realty
Buyer's Agent
Javier Montes
Century 21 Hollywood
List Price
$635,000
Sold Price
$660,000
Premium/Discount to List
$25,000
3.94%
Current Estimated Value
$898,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,735
Avg. Annual Appreciation
4.32%
Original Mortgage
$200,000
Outstanding Balance
$175,849
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$704,089

Purchase Details

Closed on
Jul 22, 2013
Sold by
Banos Dina
Bought by
Banos Juan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,107
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 13, 2013
Sold by
Rodriguez Francisco
Bought by
Rodriguez Francisco and Rodriguez Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,107
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 19, 2003
Sold by
Banos Juan C
Bought by
Rodriguez Francisco and Rodriguez Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,107
Interest Rate
5.26%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 7, 2002
Sold by
Goldberg Herbert
Bought by
Banos Juan C and Rodriguez Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,261
Interest Rate
6.85%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 6, 2002
Sold by
Rodriguez Martha
Bought by
Rodriguez Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,261
Interest Rate
6.85%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 26, 2001
Sold by
Gonzalez Daniel
Bought by
Goldberg Herbert

Purchase Details

Closed on
Oct 28, 1999
Sold by
Gonzalez Daniel
Bought by
Gonzalez Daniel and Gonzalez Carlos E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
12.25%

Purchase Details

Closed on
Jul 25, 1997
Sold by
Gonzalez Gloria
Bought by
Gonzalez Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.58%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 4, 1994
Sold by
Gonzalez Theodore S
Bought by
Gonzalez Daniel and Gonzalez Carlos E
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
Guardado Jose Louis $660,000 First American Title Company
Banos Juan C -- Wfg Title Company Of Ca
Rodriguez Francisco -- Wfg Title Company Of Ca
Rodriguez Francisco -- Orange Coast Title
Banos Juan C $242,000 Provident Title Company
Banos Juan C -- Provident Title Company
Rodriguez Francisco -- Provident Title Company
Goldberg Herbert $121,800 --
Gonzalez Daniel -- --
Gonzalez Daniel -- Fidelity National Title
Gonzalez Daniel -- Fidelity National Title
Gonzalez Daniel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guardado Jose Louis $200,000
Previous Owner Rodriguez Francisco $201,107
Previous Owner Rodriguez Francisco $244,107
Previous Owner Banos Juan C $242,077
Previous Owner Banos Juan C $240,940
Previous Owner Banos Juan C $238,261
Previous Owner Gonzalez Daniel $105,000
Previous Owner Gonzalez Daniel $88,830
Previous Owner Gonzalez Daniel $70,133
Previous Owner Gonzalez Daniel $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2018 11/08/18 Sold $660,000 0.0% $333 / Sq Ft
09/23/2018 09/23/18 Pending -- -- --
09/04/2018 09/04/18 Price Changed $660,000 +3.9% $333 / Sq Ft
08/28/2018 08/28/18 For Sale $635,000 -- $320 / 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 $9,062 $736,239 $334,654 $401,585
2024 $9,062 $721,804 $328,093 $393,711
2023 $8,891 $707,652 $321,660 $385,992
2022 $8,483 $693,777 $315,353 $378,424
2021 $8,375 $680,174 $309,170 $371,004
2019 $8,128 $660,000 $300,000 $360,000
2018 $4,330 $347,580 $145,407 $202,173
2017 $0 $332,040 $142,556 $189,484
2016 $4,020 $325,530 $139,761 $185,769
2015 $3,962 $320,641 $137,662 $182,979
2014 $3,985 $314,361 $134,966 $179,395
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18209705

California Regional Multiple Listing Service (CRMLS)

APN: 5188-021-007