8515 CHEROKEE DR.
Downey, CA 90241 · APN 6252-006-020
UNITS
1
BUILDING SF
3,426
SF / UNIT
3,426
YEAR BUILT
1979
BEDROOMS
4
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.
OUTSIDE LA RSO (FEWER THAN TWO UNITS)
The roll records 1 unit here. The Rent Stabilization Ordinance reaches buildings of two or more units, so it does not apply. Whether the statewide cap applies to a single-family home turns on who owns it and whether the required notice was given.
Estimated sales nearby.
SALE DATES ARE RECORDED TRANSFERS; THE NEWEST HERE IS DEC 13, 2024.
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 90241
The short answers.
Is 8515 Cherokee Dr rent controlled?
The roll records 1 unit here. The Rent Stabilization Ordinance reaches buildings of two or more units, so it does not apply. Whether the statewide cap applies to a single-family home turns on who owns it and whether the required notice was given. 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 8515 Cherokee Dr have?
County records list 1 unit at 8515 Cherokee Dr, classified as duplex across 3,426 square feet of building area, averaging about 3,426 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 8515 Cherokee Dr built?
The assessor roll gives a build year of 1979, 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 8515 Cherokee Dr last sell, and for how much?
The last recorded transfer was December 2020, at an estimated $1,111,997, about $1,111,997 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 8515 Cherokee Dr assessed at, and is that what it is worth?
The current assessed value is $1,203,661 ($784,762 land, $418,899 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 8515 Cherokee 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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