9414 CROESUS AVE.
Los Angeles, CA 90002 · APN 6046-005-002
UNITS
2
BUILDING SF
2,660
SF / UNIT
1,330
YEAR BUILT
1983
BEDROOMS
2
BATHROOMS
1
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.
OUTSIDE THE CITY OF LA ORDINANCE
The zoning record places this parcel in unincorporated Los Angeles County, not the City of Los Angeles, even though its mailing city reads "Los Angeles". The city's Rent Stabilization Ordinance does not reach it. Unincorporated county rentals fall under the County's own rent stabilization ordinance, which has its own coverage dates and rules, and the statewide AB 1482 cap applies where no stronger local rule does. Confirm the address with the County's Department of Consumer and Business Affairs before underwriting the rent roll.
Estimated sales nearby.
SALE DATES ARE RECORDED TRANSFERS; THE NEWEST HERE IS DEC 23, 2024.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON CROESUS AVE · ZIP 90002
SIMILAR SIZE AND ERA IN 90002
The short answers.
Is 9414 Croesus Ave rent controlled?
The zoning record places this parcel in unincorporated Los Angeles County, not the City of Los Angeles, even though its mailing city reads "Los Angeles". The city's Rent Stabilization Ordinance does not reach it. Unincorporated county rentals fall under the County's own rent stabilization ordinance, which has its own coverage dates and rules, and the statewide AB 1482 cap applies where no stronger local rule does. Confirm the address with the County's Department of Consumer and Business Affairs before underwriting the rent roll. 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 9414 Croesus Ave have?
County records list 2 units at 9414 Croesus Ave, classified as duplex across 2,660 square feet of building area, averaging about 1,330 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 9414 Croesus Ave built?
The assessor roll gives a build year of 1983, 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 9414 Croesus Ave last change hands?
The most recent transfer on the roll was recorded March 2003. 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 9414 Croesus Ave assessed at, and is that what it is worth?
The current assessed value is $359,902 ($77,761 land, $282,141 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 23 years.
Would the owner of 9414 Croesus Ave face a big tax bill on a sale?
Possibly. A base year going back roughly 23 years usually means a long hold and 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. The base year is not proof of when the current owner bought, though: a building inherited from a parent before Proposition 19 took effect in February 2021 could keep the old base year while its tax basis was stepped up at death. Long-held buildings also often sell through a 1031 exchange, or pass through an estate for the step-up in basis.
How do I find out what 9414 Croesus 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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