9429 VAN NUYS BLVD.
Los Angeles, CA 91402 · APN 2650-026-027
UNITS
40
BUILDING SF
37,004
SF / UNIT
925
YEAR BUILT
1990
BEDROOMS
76
BATHROOMS
64
USE · CODE 0500
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.
LIKELY UNDER AB 1482 STATE CAP
Built 1990, inside the City of Los Angeles. Construction after 1 October 1978 is outside the RSO, so the statewide cap applies instead: 5% plus regional CPI, never more than 10% in a year.
Recent sales nearby.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON VAN NUYS BLVD · ZIP 91402
SIMILAR SIZE AND ERA IN 91402
The short answers.
Is 9429 Van Nuys Blvd rent controlled?
Built 1990, inside the City of Los Angeles. Construction after 1 October 1978 is outside the RSO, so the statewide cap applies instead: 5% plus regional CPI, never more than 10% in a year. 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 9429 Van Nuys Blvd have?
County records list 40 units at 9429 Van Nuys Blvd, classified as 5+ units across 37,004 square feet of building area, averaging about 925 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 9429 Van Nuys Blvd built?
The assessor roll gives a build year of 1990, 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 9429 Van Nuys Blvd last change hands?
The most recent transfer on the roll was recorded February 2017. 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 9429 Van Nuys Blvd assessed at, and is that what it is worth?
The current assessed value is $11,536,219 ($6,921,732 land, $4,614,487 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 9429 Van Nuys Blvd 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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