BUILDINGS/1009 PALMS BLVD

/// BUILDING FILE · ROLL 2025

1009 PALMS BLVD.

Los Angeles, CA 90291 · APN 4243-004-042

UNITS

BUILDING SF

972

SF / UNIT

972

YEAR BUILT

1923

BEDROOMS

BATHROOMS

USE · CODE 0200

DUPLEX

/// ASSESSED VALUE

LAND$1,365,393

IMPROVEMENTS$790,789

TOTAL$2,156,182

LAND BASE YEAR2018

OWNERSHIP TENUREAPPROX. 8 YEARS

PROP 13 ASSESSED VALUES — USUALLY WELL BELOW MARKET ON LONG-HELD BUILDINGS.

/// LAST TRANSFER

RECORDEDOCT 18, 2017

No market sale detected on this parcel since 2021. The last recorded transfer may have been a refinance, trust move, or family transfer that didn't reset the Prop 13 base.

/// RENT CONTROL

LIKELY UNDER AB 1482 STATE CAP (5% + CPI, MAX 10%)

Outside LA RSO coverage on these records — most California multifamily over 15 years old falls under the AB 1482 statewide cap of 5% plus CPI, never more than 10% per year.

AB 1482 VS RSO →INFERRED FROM PUBLIC RECORDS — VERIFY WITH LAHD / ZIMAS BEFORE RELYING ON IT.

/// ZIP 90291

Recent sales nearby.

ADDRESSSOLDEST. PRICEEST. $/UNITUNITS

1325 APPLETON WAY→DEC 2024EST.$2,375,000$1,187,500UNITS2 577 VENICE BLVD→DEC 2024EST.$1,359,500$679,750UNITS2 216 WESTMINSTER AVE→DEC 2024EST.$1,700,000$850,000UNITS2 935 VENEZIA AVE→DEC 2024EST.$1,731,000$1,731,000UNITS1 740 BROOKS AVE→DEC 2024EST.$1,499,000$499,667UNITS3 705 SUNSET AVE→DEC 2024EST.$3,500,000$875,000UNITS4 924 MARCO PL→DEC 2024EST.$2,455,000$409,167UNITS6 518 RIALTO AVE→DEC 2024EST.$1,200,000$600,000UNITS2

PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR) — NOT VERIFIED CLOSING PRICES.

/// COMPARE

Buildings like this one.

ON PALMS BLVD · ZIP 90291

1029 PALMS BLVD→2 UNITS · BUILT 1963 · DUPLEX 1036 PALMS BLVD→2 UNITS · BUILT 1924 · DUPLEX 1070 PALMS BLVD→2 UNITS · BUILT 1926 · DUPLEX 1073 PALMS BLVD→3 UNITS · BUILT 1923 · DUPLEX 1084 PALMS BLVD→2 UNITS · BUILT 1924 · DUPLEX 1108 PALMS BLVD→2 UNITS · BUILT 1923 · DUPLEX

SIMILAR SIZE AND ERA IN 90291

1037 PLEASANTVIEW AVE→2 UNITS · BUILT 1924 · 1,713 SF 1038 OAKWOOD AVE→2 UNITS · BUILT 1916 · 1,348 SF 1040 VICTORIA AVE→2 UNITS · BUILT 1920 · 2,206 SF 1050 OAKWOOD AVE→2 UNITS · BUILT 1924 · 986 SF 1053 VICTORIA AVE→2 UNITS · BUILT 1924 · 3,274 SF 108 DUDLEY AVE→2 UNITS · BUILT 1908 · 1,469 SF

EVERY BUILDING IN 90291 →BUILT BEFORE 1930 →

/// COMMON QUESTIONS · 1009 PALMS BLVD

The short answers.

Is 1009 Palms Blvd rent controlled?

Outside LA RSO coverage on these records — most California multifamily over 15 years old falls under the AB 1482 statewide cap of 5% plus CPI, never more than 10% per year. This is an inference from public assessor records, not a determination — confirm the certificate of occupancy date with the LA Housing Department or ZIMAS before you rely on it for pricing or notices.

How many units does 1009 Palms Blvd have?

County records list 1 unit at 1009 Palms Blvd, classified as duplex across 972 square feet of building area, averaging about 972 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.

When was 1009 Palms Blvd built?

The assessor roll gives a build year of 1923, which puts it in the pre-1979 stock that the LA Rent Stabilization Ordinance generally covers inside city limits. Age drives more than character here: it sets rent-cap exposure, seismic retrofit obligations, and what a lender will underwrite.

When did 1009 Palms Blvd last change hands?

The most recent transfer on the roll was recorded October 2017. Not every recorded transfer is a market sale — refinances, trust transfers, and family conveyances all appear in the same field, and those do not reset the assessed value.

What is 1009 Palms Blvd assessed at, and is that what it is worth?

The current assessed value is $2,156,182 ($1,365,393 land, $790,789 improvements). Assessed value is not market value. Under Proposition 13 it resets only on a change of ownership and then climbs about 2% a year, so a long-held building is often assessed far below what it would trade for.

How do I find out what 1009 Palms Blvd would sell for today?

Public records give you the frame — units, size, age, assessed value, when it last traded — but pricing needs in-place rents, expenses, and the condition of the units, none of which appear in county data. A broker valuation puts closed comps and a rent survey against the actual rent roll. Shaya Lowenstein does that free for LA multifamily owners, typically within 48 hours, with no obligation to list.

/// OWNER READING

WHAT IS MY BUILDING WORTH? →SELLING WITH TENANTS IN PLACE →HOW LA RSO WORKS →

Own this building?

FREE, CONFIDENTIAL VALUATION FROM CLOSED COMPS — 48H TURNAROUND.

WHAT'S IT WORTH_TALK TO SHAYA →

NOT SELLING? GET DEALS LIKE THIS FIRST →