880 N ALAMEDA ST, NO.
Los Angeles, CA 90012 · APN 5409-023-062
UNITS
1
BUILDING SF
900
SF / UNIT
900
YEAR BUILT
2006
BEDROOMS
1
BATHROOMS
1
USE · CODE 0503
5+ UNITS
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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 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.
Recent sales nearby.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON N ALAMEDA ST, NO · ZIP 90012
SIMILAR SIZE AND ERA IN 90012
The short answers.
Is 880 N Alameda St, No 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 880 N Alameda St, No have?
County records list 1 unit at 880 N Alameda St, No, classified as 5+ units across 900 square feet of building area, averaging about 900 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 880 N Alameda St, No built?
The assessor roll gives a build year of 2006, 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 880 N Alameda St, No last change hands?
The most recent transfer on the roll was recorded July 2009. 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 880 N Alameda St, No assessed at, and is that what it is worth?
The current assessed value is $284,993 ($71,241 land, $213,752 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 16 years.
Would the owner of 880 N Alameda St, No face a big tax bill on a sale?
Possibly. A base year going back roughly 16 years usually means a low tax basis, and a low basis means a large taxable gain on a straight sale: capital gains plus depreciation recapture, with California taxing gains at ordinary income rates. It is also why long-held buildings so often sell through a 1031 exchange instead, or pass through an estate for the step-up in basis.
How do I find out what 880 N Alameda St, No 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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