1040 W 98TH ST.
Los Angeles, CA 90044 · APN 6056-018-009
UNITS
2
BUILDING SF
1,946
SF / UNIT
973
YEAR BUILT
1993
BEDROOMS
6
BATHROOMS
2
USE · CODE 0200
DUPLEX
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PROP 13 ASSESSED VALUES, USUALLY WELL BELOW MARKET ON LONG-HELD BUILDINGS.
PRICE ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE, NOT A VERIFIED CLOSING PRICE.
OUTSIDE LA RSO BY AGE
Built 1993, 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 W 98TH ST · ZIP 90044
SIMILAR SIZE AND ERA IN 90044
This building sits in South Los Angeles.
RECORDED SALES, MEDIAN $/UNIT AND $/SF, RENT-CONTROL COVERAGE →
The short answers.
Is 1040 W 98th St rent controlled?
Built 1993, 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 1040 W 98th St have?
County records list 2 units at 1040 W 98th St, classified as duplex across 1,946 square feet of building area, averaging about 973 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 1040 W 98th St built?
The assessor roll gives a build year of 1993, 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 1040 W 98th St last sell, and for how much?
The last recorded transfer was October 2023, at an estimated $575,755, about $287,877 per unit. That price is estimated from the Proposition 13 reassessment recorded at sale, not a verified closing price, so treat it as a close approximation rather than a confirmed figure.
What is 1040 W 98th St assessed at, and is that what it is worth?
The current assessed value is $587,270 ($341,187 land, $246,083 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.
What is the South Los Angeles apartment market doing?
1040 W 98th St sits in South Los Angeles, in Los Angeles. Recorded sale counts, median price per unit, median price per square foot, and the share of rent-control-era stock for the submarket are published and updated as the county roll refreshes. See the South Los Angeles market page for the current figures rather than a number quoted here.
How do I find out what 1040 W 98th St 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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