1254 N LAS PALMAS AVE.
Los Angeles, CA 90038 · APN 5532-003-038
UNITS
10
BUILDING SF
20,608
SF / UNIT
2,061
YEAR BUILT
2021
BEDROOMS
40
BATHROOMS
40
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 EXEMPT (NEW CONSTRUCTION)
Built 2021, 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 N LAS PALMAS AVE · ZIP 90038
SIMILAR SIZE AND ERA IN 90038
This building sits in Hollywood.
RECORDED SALES, MEDIAN $/UNIT AND $/SF, RENT-CONTROL COVERAGE →
The short answers.
Is 1254 N Las Palmas Ave rent controlled?
Built 2021, 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 1254 N Las Palmas Ave have?
County records list 10 units at 1254 N Las Palmas Ave, classified as 5+ units across 20,608 square feet of building area, averaging about 2,061 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 1254 N Las Palmas Ave built?
The assessor roll gives a build year of 2021, 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 1254 N Las Palmas Ave last sell, and for how much?
The last recorded transfer was June 2022, at an estimated $13,327,999, about $1,332,800 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 1254 N Las Palmas Ave assessed at, and is that what it is worth?
The current assessed value is $14,143,779 ($4,234,219 land, $9,909,560 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 Hollywood apartment market doing?
1254 N Las Palmas Ave sits in 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 Hollywood market page for the current figures rather than a number quoted here.
How do I find out what 1254 N Las Palmas 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.
This form saves what you type as you go, so you can come back to it.
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