3516 HOMELAND DR.
Los Angeles, CA 90008 · APN 5024-006-026
UNITS
3
BUILDING SF
2,922
SF / UNIT
974
YEAR BUILT
1939
BEDROOMS
5
BATHROOMS
3
USE · CODE 0300
TRIPLEX
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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.
OUTSIDE THE CITY OF LA ORDINANCE
The zoning record places this parcel in unincorporated Los Angeles County, not the City of Los Angeles, even though its mailing city reads "Los Angeles". The city's Rent Stabilization Ordinance does not reach it. Unincorporated county rentals fall under the County's own rent stabilization ordinance, which has its own coverage dates and rules, and the statewide AB 1482 cap applies where no stronger local rule does. Confirm the address with the County's Department of Consumer and Business Affairs before underwriting the rent roll.
Recent sales nearby.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
SIMILAR SIZE AND ERA IN 90008
This building sits in Baldwin Hills / Crenshaw.
RECORDED SALES, MEDIAN $/UNIT AND $/SF, RENT-CONTROL COVERAGE →
The short answers.
Is 3516 Homeland Dr rent controlled?
The zoning record places this parcel in unincorporated Los Angeles County, not the City of Los Angeles, even though its mailing city reads "Los Angeles". The city's Rent Stabilization Ordinance does not reach it. Unincorporated county rentals fall under the County's own rent stabilization ordinance, which has its own coverage dates and rules, and the statewide AB 1482 cap applies where no stronger local rule does. Confirm the address with the County's Department of Consumer and Business Affairs before underwriting the rent roll. 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 3516 Homeland Dr have?
County records list 3 units at 3516 Homeland Dr, classified as triplex across 2,922 square feet of building area, averaging about 974 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 3516 Homeland Dr built?
The assessor roll gives a build year of 1939, 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 3516 Homeland Dr last change hands?
The most recent transfer on the roll was recorded April 2018. 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 3516 Homeland Dr assessed at, and is that what it is worth?
The current assessed value is $1,109,379 ($910,261 land, $199,118 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 Baldwin Hills / Crenshaw apartment market doing?
3516 Homeland Dr sits in Baldwin Hills / Crenshaw, 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 Baldwin Hills / Crenshaw market page for the current figures rather than a number quoted here.
How do I find out what 3516 Homeland 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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