21700 SEPTO ST.
Los Angeles, CA 91311 · APN 2747-021-027
UNITS
25
BUILDING SF
20,942
SF / UNIT
838
YEAR BUILT
1977
BEDROOMS
38
BATHROOMS
38
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 1977 in the City of Los Angeles with 25 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 NOV 1, 2024.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON SEPTO ST · ZIP 91311
SIMILAR SIZE AND ERA IN 91311
The short answers.
Is 21700 Septo St rent controlled?
Built 1977 in the City of Los Angeles with 25 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 21700 Septo St have?
County records list 25 units at 21700 Septo St, classified as 5+ units across 20,942 square feet of building area, averaging about 838 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 21700 Septo St built?
The assessor roll gives a build year of 1977, 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 21700 Septo St last sell, and for how much?
The last recorded transfer was August 2020, at an estimated $6,599,998, about $264,000 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 21700 Septo St assessed at, and is that what it is worth?
The current assessed value is $7,144,050 ($2,273,106 land, $4,870,944 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 21700 Septo 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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