NOT LISTED FOR SALE

955 S Concord St Los Angeles, CA 90023

Estimated Value: $935,000 - $1,092,000

5 Beds
3 Baths
2,251 Sq Ft
$447/Sq Ft Est. Value

Last Sold February 27, 2023

Last sale price $860,000 $382 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,356/month

7 Days on Market

Highlights

  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Ceiling Fan
  • Felicitas and Gonzalo Mendez High Rated A-

About This Home

As of February 2023

Dont miss the opportunity to own this fantastic and beautiful duplex in East LA*Upgrades: Brand New Roof, Gutters, Downspouts, Heater/AC unit, Carpet, Exterior Paint*First time on the market since 1949*Trustee sale, No court approval is required*Use it as owner occupied or rental*Large lot 6,997 sf*Living area 2,251 sf*Front Unit: 3 bedrooms, 2 full baths*Back Unit: 2 bedrooms,1 full bath*Upgraded kitchen and bathrooms in front unit*Hardwood floors in back unit*1 Car garage with extra-long carport*Beautiful fenced and gated front yard with rose bushes*Extra space for storage, sewing room, study room, tea room, etc*Ramp for wheelchair acces on the side of the building by the carport*Centrally located and close to Highways 5, 10, 101 and 60, downtown LA, Cripto.com arena, shops and restaurants. Rental income is annual estimate*Both units will be delivered vacant at COE*

Last Agent to Sell the Property

Susan Sahami

Bayview Residential Brokerage License #01339095 Listed on: 01/19/2023

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,965

Year Built

  • 1924

Lot Details

  • 6,996 Sq Ft Lot

Parking

  • 1 Car Detached Garage
  • 5 Carport Spaces

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,251 Sq Ft Home
  • Ceiling Fan
  • Crawl Space

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Total Actual Rent $60,000

Community Details

Overview

Building Details

  • Gardener Expense $600
  • Insurance Expense $1,152
  • Maintenance Expense $1,200
  • Utility Expense $7,350
  • Trash Expense $600
  • Operating Expense $11,788
  • Gross Income $45,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,965

Year Built

1924

Lot Details

0

Parking

1

Listing Details

  • Zoning: LAR2
  • Subclass: Duplex
  • Age: 99
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2251
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1924

Interior Features

  • Living Sq Ft: 2251

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Detached Garage
  • Carport Min: 5

Utilities

  • Cooling System: Ceiling Fan, Central Ac, Window / Wall Unit
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Los Angeles Unified

Lot Info

  • Lot Acres: 0.1606
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6997.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6997.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 14.17

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1152
  • Expense Landscape: 600
  • Expense Maintenance: 1200
  • Expenses Total: 11788
  • Expenses Utility: 7350
  • Expense Trash: 600
  • Income Annual Gross: 45000.00
  • Income Annual Rental: 60000
  • Income Gross Scheduled: 60000
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance - Laundry
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2023
Closed on
Feb 21, 2023
Sold by
Garcia Living Trust
Bought by
Ammour Samir
Seller's Agent
Susan Sahami
Bayview Residential Brokerage
Buyer's Agent
RECIP
Out of Area Office
List Price
$850,000
Sold Price
$860,000
Premium/Discount to List
$10,000
1.18%
Views
95
Current Estimated Value
$1,006,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,627
Avg. Annual Appreciation
3.99%
Original Mortgage
$688,000
Outstanding Balance
$667,915
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$281,972

Purchase Details

Closed on
Jul 28, 2022
Sold by
Ruth Garcia
Bought by
Garcia Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,185,000
Interest Rate
4.85%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Jan 27, 2017
Sold by
Garcia Joe
Bought by
Garcia Joe and Garcia Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$802,500
Interest Rate
4.31%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Apr 22, 2004
Sold by
The Garcia Living Trust
Bought by
Garcia Joel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 1995
Sold by
Garcia Joe and Garcia Ruth
Bought by
Garcia Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,000
Interest Rate
7.88%

Purchase Details

Closed on
Aug 23, 1995
Sold by
Garcia Joe and Garcia Ruth
Bought by
Garcia Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,000
Interest Rate
7.88%

Purchase Details

Closed on
Jun 28, 1994
Sold by
Garcia Joe and Garcia Ruth
Bought by
Garcia Joe
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
Ammour Samir $860,000 Fidelity National Title
Garcia Living Trust -- None Listed On Document
Garcia Joe -- Property Id Title Company
Garcia Joel -- --
Garcia Joe -- --
Garcia Joe -- Chicago Title Insurance Co
Garcia Joe -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ammour Samir $688,000
Previous Owner Garcia Ruth $1,185,000
Previous Owner Garcia Joe $802,500
Previous Owner Garcia Joe $544,185
Previous Owner Garcia Joe $75,000
Previous Owner Garcia Joel $122,000
Previous Owner Garcia Joe $110,760
Previous Owner Garcia Joe $109,000
Previous Owner Garcia Joe $14,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2023 02/27/23 Sold $860,000 +1.2% $382 / Sq Ft
01/26/2023 01/26/23 Pending -- -- --
01/19/2023 01/19/23 For Sale $850,000 -- $378 / Sq Ft
Source: MLSListings

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 $10,965 $894,744 $530,604 $364,140
2024 $10,965 $877,200 $520,200 $357,000
2023 $944 $48,959 $21,654 $27,305
2022 $912 $48,000 $21,230 $26,770
2021 $888 $47,060 $20,814 $26,246
2019 $867 $45,666 $20,198 $25,468
2018 $732 $44,771 $19,802 $24,969
2016 $672 $43,034 $19,034 $24,000
2015 $665 $42,389 $18,749 $23,640
2014 $680 $41,559 $18,382 $23,177
Source: Public Records

Agents Affiliated with this Home

  • Susan Sahami

    Seller's Agent in 2023

    Susan Sahami

    Bayview Residential Brokerage

    (408) 209-8705

    1 in this area

    7 Total Sales

    Susan Sahami
    Section Image

  • R

    Buyer's Agent in 2023

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81916575

MLSListings

APN: 5188-023-034

California Los Angeles County Los Angeles 90023

955 S Concord St, Los Angeles, CA

This home is located at 955 S Concord St, Los Angeles, CA 90023 since 19 January 2023 and is currently estimated at $1,006,627, approximately $447 per square foot. This property was built in 1924. 955 S Concord St is a home located in Los Angeles County with nearby schools including Lorena Street Elementary School, Robert Louis Stevenson Middle School, and Theodore Roosevelt High School.

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