1450 W WASHINGTON BLVD.
Los Angeles, CA 90007 · APN 5056-026-033
UNITS
50
BUILDING SF
36,852
SF / UNIT
737
YEAR BUILT
2024
BEDROOMS
43
BATHROOMS
61
USE · CODE 0556
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 2024, 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.
Estimated sales nearby.
SALE DATES ARE RECORDED TRANSFERS; THE NEWEST HERE IS DEC 26, 2024.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON W WASHINGTON BLVD · ZIP 90007
SIMILAR SIZE AND ERA IN 90007
The short answers.
Is 1450 W Washington Blvd rent controlled?
Built 2024, 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 1450 W Washington Blvd have?
County records list 50 units at 1450 W Washington Blvd, classified as 5+ units across 36,852 square feet of building area, averaging about 737 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 1450 W Washington Blvd built?
The assessor roll gives a build year of 2024, 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 1450 W Washington Blvd last sell, and for how much?
The last recorded transfer was March 2021, at an estimated $12,068,815, about $241,376 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 1450 W Washington Blvd assessed at, and is that what it is worth?
The current assessed value is $13,063,673 ($1,813,073 land, $11,250,600 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.
How do I find out what 1450 W Washington Blvd 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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