1999 W 3RD ST.
Los Angeles, CA 90057 · APN 5154-020-033
UNITS
137
BUILDING SF
112,377
SF / UNIT
820
YEAR BUILT
2024
BEDROOMS
99
BATHROOMS
99
USE · CODE 0556
5+ UNITS
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.
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PROP 13 ASSESSED VALUES, USUALLY WELL BELOW MARKET ON LONG-HELD BUILDINGS.
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.
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.
Recent sales nearby.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON W 3RD ST · ZIP 90057
SIMILAR SIZE AND ERA IN 90057
This building sits in Westlake.
RECORDED SALES, MEDIAN $/UNIT AND $/SF, RENT-CONTROL COVERAGE →
The short answers.
Is 1999 W 3rd St 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 1999 W 3rd St have?
County records list 137 units at 1999 W 3rd St, classified as 5+ units across 112,377 square feet of building area, averaging about 820 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 1999 W 3rd St 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 1999 W 3rd St last change hands?
The most recent transfer on the roll was recorded November 2022. 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 1999 W 3rd St assessed at, and is that what it is worth?
The current assessed value is $5,203,396 ($334,654 land, $4,868,742 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 Westlake apartment market doing?
1999 W 3rd St sits in Westlake, 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 Westlake market page for the current figures rather than a number quoted here.
How do I find out what 1999 W 3rd St 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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FREE, CONFIDENTIAL VALUATION FROM CLOSED COMPS. 48H TURNAROUND.
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