1010 S RECORD AVE.
Los Angeles, CA 90023 · APN 5239-019-041
UNITS
6
BUILDING SF
4,899
SF / UNIT
817
YEAR BUILT
1990
BEDROOMS
11
BATHROOMS
9
USE · CODE 0500
5+ UNITS
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PROP 13 ASSESSED VALUES, USUALLY WELL BELOW MARKET ON LONG-HELD BUILDINGS.
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.
OUTSIDE LA RSO BY AGE
Built 1990, at an address whose mailing city is Los Angeles. Construction after 1 October 1978 is outside the City of Los Angeles RSO either way. If the parcel is inside the city, the statewide AB 1482 cap applies (5% plus regional CPI, never more than 10% a year, with a rolling 15-year exemption for new construction). The "Los Angeles" mailing city also covers some unincorporated county neighbourhoods, whose own ordinance can apply instead, so confirm the jurisdiction with LAHD or ZIMAS.
Recent sales nearby.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON S RECORD AVE · ZIP 90023
SIMILAR SIZE AND ERA IN 90023
The short answers.
Is 1010 S Record Ave rent controlled?
Built 1990, at an address whose mailing city is Los Angeles. Construction after 1 October 1978 is outside the City of Los Angeles RSO either way. If the parcel is inside the city, the statewide AB 1482 cap applies (5% plus regional CPI, never more than 10% a year, with a rolling 15-year exemption for new construction). The "Los Angeles" mailing city also covers some unincorporated county neighbourhoods, whose own ordinance can apply instead, so confirm the jurisdiction with LAHD or ZIMAS. 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 1010 S Record Ave have?
County records list 6 units at 1010 S Record Ave, classified as 5+ units across 4,899 square feet of building area, averaging about 817 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 1010 S Record Ave built?
The assessor roll gives a build year of 1990, which is after the 1 October 1978 RSO cutoff. The ordinance turns on the certificate of occupancy rather than the roll's build year, so a building finished either side of that date is worth confirming with LAHD. Age drives more than character here. It sets rent-cap exposure, seismic retrofit obligations, and what a lender will underwrite.
When did 1010 S Record Ave last change hands?
The most recent transfer on the roll was recorded December 2010. 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 1010 S Record Ave assessed at, and is that what it is worth?
The current assessed value is $431,097 ($172,435 land, $258,662 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, and this one has held its base year for roughly 28 years.
Would the owner of 1010 S Record Ave face a big tax bill on a sale?
Possibly. A base year going back roughly 28 years usually means a low tax basis, and a low basis means a large taxable gain on a straight sale: capital gains plus depreciation recapture, with California taxing gains at ordinary income rates. It is also why long-held buildings so often sell through a 1031 exchange instead, or pass through an estate for the step-up in basis.
How do I find out what 1010 S Record Ave would sell for today?
Public records give you the frame, units, size, age, assessed value, and 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.
Leave an email and I'll come back with what it is worth and whether the owner is likely to trade. It does not have to be for sale, and it does not have to be my listing.
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