1738 CANYON DR.
Los Angeles, CA 90028 · APN 5586-030-022
UNITS
137
BUILDING SF
104,781
SF / UNIT
765
YEAR BUILT
1973
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 RSO, BASED ON BUILDING AGE
Built 1973 in the City of Los Angeles with 137 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. This is an inference from the assessor roll, not LAHD's determination. Confirm the address with LAHD.
Estimated sales nearby.
SALE DATES ARE RECORDED TRANSFERS; THE NEWEST HERE IS DEC 27, 2024.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON CANYON DR · ZIP 90028
SIMILAR SIZE AND ERA IN 90028
This building sits in Hollywood.
ESTIMATED SALES, MEDIAN $/UNIT AND $/SF, RENT-CONTROL COVERAGE →
The short answers.
Is 1738 Canyon Dr rent controlled?
Built 1973 in the City of Los Angeles with 137 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. This is an inference from the assessor roll, not LAHD's determination. 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 1738 Canyon Dr have?
County records list 137 units at 1738 Canyon Dr, classified as 5+ units across 104,781 square feet of building area, averaging about 765 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 1738 Canyon Dr built?
The assessor roll gives a build year of 1973, 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 1738 Canyon Dr last sell, and for how much?
The last recorded transfer was November 2020, at an estimated $41,044,497, about $299,595 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 1738 Canyon Dr assessed at, and is that what it is worth?
The current assessed value is $44,427,884 ($14,071,618 land, $30,356,266 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?
1738 Canyon Dr sits in Hollywood, in Los Angeles. Sale counts, median price per unit and median price per square foot for the submarket are estimated from county assessor reassessments at sale, not verified closing prices, and are published with the share of rent-control-era stock on the Hollywood market page. See that page for the figures rather than a number quoted here.
How do I find out what 1738 Canyon Dr 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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