232 S ARIZONA AVE.
Los Angeles, CA 90022 · APN 5250-020-027
UNITS
2
BUILDING SF
2,530
SF / UNIT
1,265
YEAR BUILT
1921
BEDROOMS
6
BATHROOMS
4
USE · CODE 0200
DUPLEX
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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.
LA RSO LIKELY, IF INSIDE CITY LIMITS
Built 1921 with 2 units, at an address whose mailing city is Los Angeles. If the parcel is inside the City of Los Angeles, multifamily 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 "Los Angeles" mailing city also covers some unincorporated county neighbourhoods, which fall under the County's own ordinance instead, and these records do not say which side of that line this parcel is on. Confirm the address with LAHD or ZIMAS.
Estimated sales nearby.
SALE DATES ARE RECORDED TRANSFERS; THE NEWEST HERE IS DEC 31, 2024.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON S ARIZONA AVE · ZIP 90022
SIMILAR SIZE AND ERA IN 90022
The short answers.
Is 232 S Arizona Ave rent controlled?
Built 1921 with 2 units, at an address whose mailing city is Los Angeles. If the parcel is inside the City of Los Angeles, multifamily 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 "Los Angeles" mailing city also covers some unincorporated county neighbourhoods, which fall under the County's own ordinance instead, and these records do not say which side of that line this parcel is on. Confirm the address with LAHD or ZIMAS. 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 232 S Arizona Ave have?
County records list 2 units at 232 S Arizona Ave, classified as duplex across 2,530 square feet of building area, averaging about 1,265 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 232 S Arizona Ave built?
The assessor roll gives a build year of 1921, 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 232 S Arizona Ave last sell, and for how much?
The last recorded transfer was August 2022, at an estimated $508,370, about $254,185 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 232 S Arizona Ave assessed at, and is that what it is worth?
The current assessed value is $528,908 ($241,838 land, $287,070 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 232 S Arizona Ave 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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