711 LILLIAN WAY.
Los Angeles, CA 90038 · APN 5533-032-031
UNITS
-
BUILDING SF
-
SF / UNIT
-
YEAR BUILT
2016
BEDROOMS
-
BATHROOMS
-
USE · CODE 050V
LAND
Leave an email and I will send you what it is worth today, in place and on turnover, from comps that closed within three blocks. Free, confidential, inside 48 hours, and no listing pitch until you ask for one.
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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.
Vacant / unimproved land.
Rent-control rules apply to occupied residential units, not raw land. What matters here is zoning, density programs like TOC and ED1, and what the dirt can carry.
Recent sales nearby.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON LILLIAN WAY · ZIP 90038
SIMILAR SIZE AND ERA IN 90038
This building sits in Hollywood.
RECORDED SALES, MEDIAN $/UNIT AND $/SF, RENT-CONTROL COVERAGE →
The short answers.
When was 711 Lillian Way built?
The assessor roll gives a build year of 2016, which is after the 1 October 1978 RSO cutoff. The ordinance turns on the certificate of occupancy rather than the roll's build year, so a building finished either side of that date is worth confirming with LAHD. Age drives more than character here. It sets rent-cap exposure, seismic retrofit obligations, and what a lender will underwrite.
When did 711 Lillian Way last sell, and for how much?
The last recorded transfer was November 2022, at an estimated $5,180,000. 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 711 Lillian Way assessed at, and is that what it is worth?
The current assessed value is $5,389,272 ($5,389,272 land). 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 Hollywood apartment market doing?
711 Lillian Way sits in Hollywood, 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 Hollywood market page for the current figures rather than a number quoted here.
How do I find out what 711 Lillian Way 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.
This form saves what you type as you go, so you can come back to it.
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FREE, CONFIDENTIAL VALUATION FROM CLOSED COMPS. 48H TURNAROUND.
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