12005 ALBERS ST.
Valley Village, CA 91607 · APN 2348-002-044
UNITS
121
BUILDING SF
151,005
SF / UNIT
1,248
YEAR BUILT
2013
BEDROOMS
-
BATHROOMS
-
USE · CODE 0503
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.
LIKELY EXEMPT (NEW CONSTRUCTION)
Built 2013, inside the City of Los Angeles. Buildings under 15 years old are exempt from AB 1482, and construction after 1 October 1978 is outside the RSO. The state cap applies once the building turns 15.
Recent sales nearby.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON ALBERS ST · ZIP 91607
SIMILAR SIZE AND ERA IN 91607
The short answers.
Is 12005 Albers St rent controlled?
Built 2013, inside the City of Los Angeles. Buildings under 15 years old are exempt from AB 1482, and construction after 1 October 1978 is outside the RSO. The state cap applies once the building turns 15. 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 12005 Albers St have?
County records list 121 units at 12005 Albers St, classified as 5+ units across 151,005 square feet of building area, averaging about 1,248 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 12005 Albers St built?
The assessor roll gives a build year of 2013, 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 12005 Albers St last change hands?
The most recent transfer on the roll was recorded March 2014. 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 12005 Albers St assessed at, and is that what it is worth?
The current assessed value is $42,905,217 ($7,355,177 land, $35,550,040 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 12 years.
How do I find out what 12005 Albers 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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