$335,000
SOLD APR 3, 2015

1178 S Concord St Los Angeles, CA 90023

3 Beds
2 Baths
1,416 Sq Ft
5,911 Sq Ft Lot

Recently Sold

$237 Per Sq Ft

3% Above List Price

1 Day on Market

Highlights

  • Cooling Available
  • Laundry Room
  • Carpet
  • Felicitas and Gonzalo Mendez High Rated A-
  • Floor Furnace
  • 1-Story Property

About This Home

As of March 2017

Legal Duplex, Front unit has 2 bedrooms, 1 Bath, Kitchen with breakfast bar, living room and more. Bathroom has newer tile and granite counter tops. Kitchen has plenty of cabinets and storage space. 2nd unit is a Large 1 bedroom 1 bath. Lot is LARD1.5 with plenty of space to be creative and make this property you own.

Last Agent to Sell the Property

Collette Canepa

Equity Union License #01826733 Listed on: 02/20/2015

Equity Union

Last Buyer's Agent

Amanda Vega

C-21 Astro License #01275276

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,257

Year Built

  • Built in 1924

Lot Details

  • 5,911 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Parking Spaces

Interior Spaces

  • 1,416 Sq Ft Home
  • 1-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Urban Location

Utilities

  • Cooling Available
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 013
  • Tax Tract Number 4307
  • Assessor Parcel Number 5190013013

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $600
  • New Taxes Expense $2,250
  • Gross Income $1,900
  • Net Operating Income $21,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,257

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Other Phone Description: Agent
  • Other Phone Number: 818-720-6956
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 5190013013
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 236.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks, Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5911.00
  • Lot Size Acres: 0.1360

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 1900.00
  • Gross Scheduled Income: 22800.00
  • Insurance Expense: 600.00
  • Lot Size Area: 5911.0000 Square Feet
  • Net Operating Income: 21000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3000.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 2250.00
  • Tax Lot: 013
  • Tax Tract Number: 4307
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2017
Closed on
Mar 9, 2017
Sold by
Marinelarena Jimmy
Bought by
Perera Miguel A and Acevedo Yolanda
Seller's Agent
Corina Preece
EXCELLENCE RE REAL ESTATE
Buyer's Agent
Adrieanne Guerrero
List Price
$750,000
Sold Price
$725,000
Premium/Discount to List
-$25,000
-3.33%
Total Days on Market
1
Current Estimated Value
$860,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,372
Avg. Annual Appreciation
2.11%
Original Mortgage
$700,803
Outstanding Balance
$586,989
Interest Rate
4.19%
Mortgage Type
FHA
Estimated Equity
$273,383

Purchase Details

Listed on
Jan 11, 2017
Closed on
Mar 7, 2017
Sold by
Perera Keith Matthew
Bought by
Acevedo Yolanda
Seller's Agent
Corina Preece
EXCELLENCE RE REAL ESTATE
Buyer's Agent
Adrieanne Guerrero
List Price
$750,000
Sold Price
$725,000
Premium/Discount to List
-$25,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,803
Outstanding Balance
$586,989
Interest Rate
4.19%
Mortgage Type
FHA
Estimated Equity
$273,383

Purchase Details

Listed on
Jul 13, 2015
Closed on
Jul 21, 2015
Sold by
Arriaga Liliana A
Bought by
Marinelarena Jimmy
Seller's Agent
Collette Canepa
Equity Union
Buyer's Agent
Gil Aguilar
EXCELLENCE RE REAL ESTATE
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
73.58%
Original Mortgage
$150,000
Interest Rate
4.05%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 27, 2012
Sold by
Valencia Tizoc
Bought by
Arriaga Liliana A

Purchase Details

Closed on
Dec 1, 2011
Sold by
Hernandez Estela V
Bought by
Arriaga Liliana A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2009
Sold by
Ps & R Properties Llc
Bought by
Gutierrez Jess Peter and Gutierrez Shirley

Purchase Details

Closed on
Jan 2, 2007
Sold by
Vasquez Ramiro O and Vasquez Rebeca
Bought by
Hernandez Estela V

Purchase Details

Closed on
Mar 18, 2006
Sold by
Vasquez Ramiro O
Bought by
Vasquez Ramiro O and Vasquez Rebeca

Purchase Details

Closed on
Nov 21, 2003
Sold by
Vasquez Ramiro O and Vasquez Rebeca
Bought by
Vasquez Ramiro O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,800
Interest Rate
5.79%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $725,000 Title 365
Interfamily Deed Transfer -- Title 365
Grant Deed $300,000 Priority Title
Interfamily Deed Transfer -- Priority Title
Grant Deed $195,000 Priority Title
Grant Deed -- None Available
Grant Deed -- None Available
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Ticor Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $94,369 New Conventional
Open $700,803 FHA
Previous Owner $390,000 Future Advance Clause Open End Mortgage
Previous Owner $75,000 Unknown
Previous Owner $25,000 Unknown
Previous Owner $150,000 Unknown
Previous Owner $210,000 Purchase Money Mortgage
Previous Owner $156,000 New Conventional
Previous Owner $111,800 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2017 03/14/17 Sold $725,000 0.0% $512 / Sq Ft
02/06/2017 02/06/17 Pending -- -- --
01/27/2017 01/27/17 Price Changed $725,000 -3.3% $512 / Sq Ft
01/11/2017 01/11/17 For Sale $750,000 +150.0% $530 / Sq Ft
08/07/2015 08/07/15 Sold $300,000 -7.7% $212 / Sq Ft
07/23/2015 07/23/15 Pending -- -- --
07/13/2015 07/13/15 For Sale $325,000 -3.0% $230 / Sq Ft
04/03/2015 04/03/15 Sold $335,000 +3.1% $237 / Sq Ft
02/21/2015 02/21/15 Pending -- -- --
02/20/2015 02/20/15 For Sale $325,000 -- $230 / 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
2024 $10,257 $824,921 $494,953 $329,968
2023 $10,061 $808,748 $485,249 $323,499
2022 $9,596 $792,891 $475,735 $317,156
2021 $9,480 $777,345 $466,407 $310,938
2020 $9,575 $769,375 $461,625 $307,750
2019 $9,199 $754,290 $452,574 $301,716
2018 $9,064 $739,500 $443,700 $295,800
2016 $3,770 $300,000 $180,000 $120,000
2015 $6,259 $199,797 $122,952 $76,845
2014 $2,598 $195,884 $120,544 $75,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15037227

California Regional Multiple Listing Service (CRMLS)

APN: 5190-013-034