Jose Oscar Medina, 34, was arrested on suspicion of attempted murder and elder abuse on Monday.
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Authorities said around 10:30 a.m., officers responded to reports of a stabbing at the 99 Cent Store on Harbor Boulevard. When they arrived, they found a 63-year-old man suffering from stab wounds to his lower back area.
The man was taken to the hospital and treated for non-life-threatening injuries. He is in stable condition.
Medina was located not long after the stabbing, chased around a shopping center and then taken into custody.
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Authorities said Medina was also connected to another stabbing that happened around 8:30 p.m. Sunday.
A 30-year-old man was found stabbed in the arm and chest area in the 1800 block of Park Avenue. The suspect had fled on a bike and was not found that night, police said. The victim's injuries were not life threatening.
Medina was booked into jail in lieu of $500,000 bail.