11040 HESBY ST.
Los Angeles, CA 91601 · APN 2353-009-007
UNITS
19
BUILDING SF
14,580
SF / UNIT
767
YEAR BUILT
1986
BEDROOMS
36
BATHROOMS
29
USE · CODE 0500
5+ UNITS
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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.
LIKELY UNDER AB 1482 STATE CAP
Built 1986, inside the City of Los Angeles. Construction after 1 October 1978 is outside the RSO, so the statewide cap applies instead: 5% plus regional CPI, never more than 10% in a year.
Estimated sales nearby.
SALE DATES ARE RECORDED TRANSFERS; THE NEWEST HERE IS DEC 27, 2024.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON HESBY ST · ZIP 91601
SIMILAR SIZE AND ERA IN 91601
This building sits in North Hollywood.
ESTIMATED SALES, MEDIAN $/UNIT AND $/SF, RENT-CONTROL COVERAGE →
The short answers.
Is 11040 Hesby St rent controlled?
Built 1986, inside the City of Los Angeles. Construction after 1 October 1978 is outside the RSO, so the statewide cap applies instead: 5% plus regional CPI, never more than 10% in a 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 11040 Hesby St have?
County records list 19 units at 11040 Hesby St, classified as 5+ units across 14,580 square feet of building area, averaging about 767 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 11040 Hesby St built?
The assessor roll gives a build year of 1986, 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 11040 Hesby St last sell, and for how much?
The last recorded transfer was December 2024, at an estimated $6,650,000, about $350,000 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 11040 Hesby St assessed at, and is that what it is worth?
The current assessed value is $6,650,000 ($3,000,000 land, $3,650,000 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 North Hollywood apartment market doing?
11040 Hesby St sits in North Hollywood, in Los Angeles. Sale counts, median price per unit and median price per square foot for the submarket are estimated from county assessor reassessments at sale, not verified closing prices, and are published with the share of rent-control-era stock on the North Hollywood market page. See that page for the figures rather than a number quoted here.
How do I find out what 11040 Hesby 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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