S.LOWENSTEIN
CALLVALUATION_
BUILDINGS/1491 N TOPANGA CANYON BLVD, NO 1
/// BUILDING FILE · ROLL 2025

1491 N TOPANGA CANYON BLVD, NO 1.

Topanga, CA 90290 · APN 4440-006-017

/// WHERE DO WE REACH YOU?

ONE EMAIL, USED TO KEEP THIS LIST AND TO TELL YOU IF A WATCHED BUILDING LISTS OR SELLS. UNSUBSCRIBE ANY TIME.

UNITS

3

BUILDING SF

3,108

SF / UNIT

1,036

YEAR BUILT

1905

BEDROOMS

5

BATHROOMS

3

USE · CODE 0300

TRIPLEX

/// OWN THIS BUILDING?

Leave an email and I will send you what it is worth today, in place and on turnover, from comps that closed within three blocks. Free, confidential, inside 48 hours, and no listing pitch until you ask for one.

This form saves what you type as you go, so you can come back to it.

/// ASSESSED VALUE
LAND$724,158
IMPROVEMENTS$173,788
TOTAL$897,946
LAND BASE YEAR2003
OWNERSHIP TENUREAPPROX. 23 YEARS

PROP 13 ASSESSED VALUES, USUALLY WELL BELOW MARKET ON LONG-HELD BUILDINGS.

/// LAST TRANSFER
RECORDEDAUG 20, 2020

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.

/// RENT CONTROL

RENT CONTROL STATUS NOT DETERMINED

The roll's city name for this parcel does not match a jurisdiction we recognise, and coverage turns on exactly those facts: the Rent Stabilization Ordinance reaches City of Los Angeles buildings of two or more units with a certificate of occupancy issued on or before 1 October 1978. Rather than guess, confirm the address with LAHD.

HOW LA RSO WORKS →INFERRED FROM PUBLIC RECORDS. VERIFY WITH LAHD / ZIMAS BEFORE RELYING ON IT.
/// ZIP 90290

Recent sales nearby.

1412 OLD TOPANGA CANYON RD→JUN 2024EST.$2,800,000UNITS3647 OLD TOPANGA CANYON RD→DEC 2022EST.$5,650,000UNITS220460 CALLON DR→MAY 2022EST.$1,599,999UNITS220979 FONTAINE RD→JUN 2021EST.$560,497UNITS21188 FERNWOOD PACIFIC DR→JAN 2021EST.$885,997UNITS321503 COLINA DR→JAN 2021EST.$2,596,093UNITS219820 MONTAU DR→SEP 2020EST.$1,198,499UNITS2

PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.

/// COMMON QUESTIONS · 1491 N TOPANGA CANYON BLVD, NO 1

The short answers.

Is 1491 N Topanga Canyon Blvd, No 1 rent controlled?

The roll's city name for this parcel does not match a jurisdiction we recognise, and coverage turns on exactly those facts: the Rent Stabilization Ordinance reaches City of Los Angeles buildings of two or more units with a certificate of occupancy issued on or before 1 October 1978. Rather than guess, confirm the address with LAHD. Confirm the address with the LA Housing Department or in ZIMAS before you rely on any assumption for pricing or notices.

How many units does 1491 N Topanga Canyon Blvd, No 1 have?

County records list 3 units at 1491 N Topanga Canyon Blvd, No 1, classified as triplex across 3,108 square feet of building area, averaging about 1,036 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.

When was 1491 N Topanga Canyon Blvd, No 1 built?

The assessor roll gives a build year of 1905, 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 1491 N Topanga Canyon Blvd, No 1 last change hands?

The most recent transfer on the roll was recorded August 2020. 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 1491 N Topanga Canyon Blvd, No 1 assessed at, and is that what it is worth?

The current assessed value is $897,946 ($724,158 land, $173,788 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 23 years.

Would the owner of 1491 N Topanga Canyon Blvd, No 1 face a big tax bill on a sale?

Possibly. A base year going back roughly 23 years usually means a low tax basis, and a low basis means a large taxable gain on a straight sale: capital gains plus depreciation recapture, with California taxing gains at ordinary income rates. It is also why long-held buildings so often sell through a 1031 exchange instead, or pass through an estate for the step-up in basis.

How do I find out what 1491 N Topanga Canyon Blvd, No 1 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.

/// OWNER READING
AB 1482 VS RSO →PROP 19 AND INHERITED BUILDINGS →THE REAL TAX BILL ON A SALE →SECTION 8 FOR OWNERS →
/// INTERESTED IN THIS BUILDING?

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