BUILDINGS/709 PALMS BLVD

/// BUILDING FILE · ROLL 2025

709 PALMS BLVD.

Los Angeles, CA 90291 · APN 4241-011-005

UNITS

BUILDING SF

2,555

SF / UNIT

1,278

YEAR BUILT

1938

BEDROOMS

BATHROOMS

USE · CODE 0300

TRIPLEX

/// ASSESSED VALUE

LAND$2,709,137

IMPROVEMENTS$246,282

TOTAL$2,955,419

LAND BASE YEAR2013

OWNERSHIP TENUREAPPROX. 13 YEARS

PROP 13 ASSESSED VALUES — USUALLY WELL BELOW MARKET ON LONG-HELD BUILDINGS.

/// LAST TRANSFER

RECORDEDJUL 20, 2012

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.

/// RENT CONTROL

LIKELY COVERED BY LA RSO

HOW LA RSO WORKS →INFERRED FROM PUBLIC RECORDS — VERIFY WITH LAHD / ZIMAS BEFORE RELYING ON IT.

/// ZIP 90291

Recent sales nearby.

ADDRESSSOLDEST. PRICEEST. $/UNITUNITS

1325 APPLETON WAY→DEC 2024EST.$2,375,000$1,187,500UNITS2 577 VENICE BLVD→DEC 2024EST.$1,359,500$679,750UNITS2 216 WESTMINSTER AVE→DEC 2024EST.$1,700,000$850,000UNITS2 935 VENEZIA AVE→DEC 2024EST.$1,731,000$1,731,000UNITS1 740 BROOKS AVE→DEC 2024EST.$1,499,000$499,667UNITS3 705 SUNSET AVE→DEC 2024EST.$3,500,000$875,000UNITS4 924 MARCO PL→DEC 2024EST.$2,455,000$409,167UNITS6 518 RIALTO AVE→DEC 2024EST.$1,200,000$600,000UNITS2

PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR) — NOT VERIFIED CLOSING PRICES.

/// COMPARE

Buildings like this one.

ON PALMS BLVD · ZIP 90291

1009 PALMS BLVD→1 UNITS · BUILT 1923 · DUPLEX 1029 PALMS BLVD→2 UNITS · BUILT 1963 · DUPLEX 1036 PALMS BLVD→2 UNITS · BUILT 1924 · DUPLEX 1070 PALMS BLVD→2 UNITS · BUILT 1926 · DUPLEX 1073 PALMS BLVD→3 UNITS · BUILT 1923 · DUPLEX 1084 PALMS BLVD→2 UNITS · BUILT 1924 · DUPLEX

SIMILAR SIZE AND ERA IN 90291

1011 5TH AVE→3 UNITS · BUILT 1937 · 1,824 SF 1051 6TH AVE→3 UNITS · BUILT 1932 · 1,774 SF 1105 GARFIELD AVE→3 UNITS · BUILT 1924 · 2,440 SF 1121 AMOROSO PL→3 UNITS · BUILT 1950 · 1,689 SF 116 PALOMA AVE→3 UNITS · BUILT 1923 · 1,116 SF 1167 NELROSE AVE→1 UNITS · BUILT 1952 · 1,888 SF

EVERY BUILDING IN 90291 →RSO, 5–12 UNITS →LAND WORTH MORE THAN THE BUILDING →

/// COMMON QUESTIONS · 709 PALMS BLVD

The short answers.

Is 709 Palms Blvd rent controlled?

Built 1938 in the City of Los Angeles with 2 units — pre-October 1978 multifamily inside city limits is generally under the Rent Stabilization Ordinance, capping annual increases and restricting evictions. 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 709 Palms Blvd have?

County records list 2 units at 709 Palms Blvd, classified as triplex across 2,555 square feet of building area, averaging about 1,278 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.

When was 709 Palms Blvd built?

The assessor roll gives a build year of 1938, which puts it in the pre-1979 stock that the LA Rent Stabilization Ordinance generally covers inside city limits. Age drives more than character here: it sets rent-cap exposure, seismic retrofit obligations, and what a lender will underwrite.

When did 709 Palms Blvd last change hands?

The most recent transfer on the roll was recorded July 2012. 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 709 Palms Blvd assessed at, and is that what it is worth?

The current assessed value is $2,955,419 ($2,709,137 land, $246,282 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 — and this one has held its base year for roughly 13 years.

How do I find out what 709 Palms Blvd would sell for today?

Public records give you the frame — units, size, age, assessed value, 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.

/// OWNER READING

WHAT IS MY BUILDING WORTH? →SELLING WITH TENANTS IN PLACE →HOW LA RSO WORKS →

Own this building?

FREE, CONFIDENTIAL VALUATION FROM CLOSED COMPS — 48H TURNAROUND.

WHAT'S IT WORTH_TALK TO SHAYA →

NOT SELLING? GET DEALS LIKE THIS FIRST →