12300 SHERMAN WAY.
Los Angeles, CA 91605 · APN 2321-001-019
UNITS
236
BUILDING SF
135,223
SF / UNIT
573
YEAR BUILT
1965
BEDROOMS
99
BATHROOMS
99
USE · CODE 0501
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 COVERED BY LA RSO
Built 1965 in the City of Los Angeles with 236 units. Multifamily inside city limits whose certificate of occupancy was issued on or before 1 October 1978 is generally under the Rent Stabilization Ordinance, which caps annual increases and restricts evictions to specific just causes. The roll carries a year built rather than that certificate date, so a building finished in late 1978 can fall either side of the line. Confirm the address with LAHD.
Recent sales nearby.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON SHERMAN WAY · ZIP 91605
SIMILAR SIZE AND ERA IN 91605
This building sits in North Hollywood.
RECORDED SALES, MEDIAN $/UNIT AND $/SF, RENT-CONTROL COVERAGE →
The short answers.
Is 12300 Sherman Way rent controlled?
Built 1965 in the City of Los Angeles with 236 units. Multifamily inside city limits whose certificate of occupancy was issued on or before 1 October 1978 is generally under the Rent Stabilization Ordinance, which caps annual increases and restricts evictions to specific just causes. The roll carries a year built rather than that certificate date, so a building finished in late 1978 can fall either side of the line. Confirm the address with LAHD. 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 12300 Sherman Way have?
County records list 236 units at 12300 Sherman Way, classified as 5+ units across 135,223 square feet of building area, averaging about 573 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 12300 Sherman Way built?
The assessor roll gives a build year of 1965, which puts it in the stock old enough for the LA Rent Stabilization Ordinance to reach it, where the building sits inside City of Los Angeles limits. Age drives more than character here. It sets rent-cap exposure, seismic retrofit obligations, and what a lender will underwrite.
When did 12300 Sherman Way last sell, and for how much?
The last recorded transfer was December 2024, at an estimated $43,800,000, about $185,593 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 12300 Sherman Way assessed at, and is that what it is worth?
The current assessed value is $43,800,000 ($29,800,000 land, $14,000,000 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?
12300 Sherman Way sits in North Hollywood, 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 North Hollywood market page for the current figures rather than a number quoted here.
How do I find out what 12300 Sherman Way 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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