531 S ARIZONA AVE.
Los Angeles, CA 90022 · APN 5247-019-002
531 S Arizona Ave is a 2-unit multifamily property in Los Angeles, CA 90022, built in 1955, with 1,823 square feet of building area, according to the Los Angeles County assessor roll (2025). Its assessed value is $702,771, which under Proposition 13 is usually well below what it would sell for. The most recent transfer on the roll was recorded August 2018. Rent control: LA RSO likely, if inside city limits.
UNITS
2
BUILDING SF
1,823
SF / UNIT
912
YEAR BUILT
1955
BEDROOMS
4
BATHROOMS
2
USE · CODE 0200
DUPLEX
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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.
LA RSO LIKELY, IF INSIDE CITY LIMITS
Built 1955 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 531 S Arizona Ave rent controlled?
Built 1955 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 531 S Arizona Ave have?
County records list 2 units at 531 S Arizona Ave, classified as duplex across 1,823 square feet of building area, averaging about 912 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 531 S Arizona Ave built?
The assessor roll gives a build year of 1955, 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 531 S Arizona Ave last change hands?
The most recent transfer on the roll was recorded August 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 531 S Arizona Ave assessed at, and is that what it is worth?
The current assessed value is $702,771 ($479,670 land, $223,101 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 531 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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