BUILDINGS/10603 PALMS BLVD

/// BUILDING FILE · ROLL 2025

10603 PALMS BLVD.

Los Angeles, CA 90034 · APN 4314-019-008

UNITS

BUILDING SF

4,860

SF / UNIT

972

YEAR BUILT

1915

BEDROOMS

BATHROOMS

USE · CODE 0500

5+ UNITS

/// ASSESSED VALUE

LAND$1,927,800

IMPROVEMENTS$479,400

TOTAL$2,407,200

LAND BASE YEAR2024

OWNERSHIP TENUREAPPROX. 2 YEARS

PROP 13 ASSESSED VALUES — USUALLY WELL BELOW MARKET ON LONG-HELD BUILDINGS.

/// LAST TRANSFER

RECORDEDMAY 1, 2024

EST. PRICE (2024)$2,360,000

EST. $/UNIT$472,000

PRICE ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE — NOT A VERIFIED CLOSING PRICE.

/// RENT CONTROL

LIKELY COVERED BY LA RSO

HOW LA RSO WORKS →INFERRED FROM PUBLIC RECORDS — VERIFY WITH LAHD / ZIMAS BEFORE RELYING ON IT.

/// ZIP 90034

Recent sales nearby.

ADDRESSSOLDEST. PRICEEST. $/UNITUNITS

3602 KEYSTONE AVE→DEC 2024EST.$1,796,339$179,634UNITS10 3747 MENTONE AVE→DEC 2024EST.$1,735,468$192,830UNITS9 5869 DAUPHIN ST→DEC 2024EST.$1,515,750$378,938UNITS4 3647 VINTON AVE→DEC 2024EST.$2,400,000$266,667UNITS9 2612 CHARITON ST→DEC 2024EST.$1,305,000$326,250UNITS4 3765 DELMAS TER→DEC 2024EST.$1,504,467—UNITS—3755 JASMINE AVE→DEC 2024EST.$3,504,512$350,451UNITS10 1916 S ROBERTSON BLVD→DEC 2024EST.$3,450,000$345,000UNITS10

PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR) — NOT VERIFIED CLOSING PRICES.

/// COMPARE

Buildings like this one.

ON PALMS BLVD · ZIP 90034

10006 PALMS BLVD→22 UNITS · BUILT 1964 · 5+ UNITS 10014 PALMS BLVD→8 UNITS · BUILT 1957 · 5+ UNITS 10020 PALMS BLVD→10 UNITS · BUILT 1959 · 5+ UNITS 10026 PALMS BLVD→20 UNITS · BUILT 1957 · 5+ UNITS 10106 PALMS BLVD→4 UNITS · FOURPLEX 10122 PALMS BLVD→32 UNITS · BUILT 1959 · 5+ UNITS

SIMILAR SIZE AND ERA IN 90034

10840 CHARNOCK RD→6 UNITS · BUILT 1925 · 4,098 SF 1947 CHARITON ST→5 UNITS · BUILT 1930 · 3,909 SF 2036 CHARITON ST→6 UNITS · BUILT 1929 · 3,578 SF 2045 S SHERBOURNE DR→8 UNITS · BUILT 1925 · 7,226 SF 3146 S HALM AVE, NO 2→5 UNITS · BUILT 1923 · 4,592 SF 3222 BAGLEY AVE→7 UNITS · BUILT 1922 · 3,936 SF

EVERY BUILDING IN 90034 →RSO, 5–12 UNITS →BUILT BEFORE 1930 →LAND WORTH MORE THAN THE BUILDING →

/// COMMON QUESTIONS · 10603 PALMS BLVD

The short answers.

Is 10603 Palms Blvd rent controlled?

Built 1915 in the City of Los Angeles with 5 units — pre-October 1978 multifamily inside city limits is generally under the Rent Stabilization Ordinance, capping annual increases and restricting evictions. 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 10603 Palms Blvd have?

County records list 5 units at 10603 Palms Blvd, classified as 5+ units across 4,860 square feet of building area, averaging about 972 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.

When was 10603 Palms Blvd built?

The assessor roll gives a build year of 1915, which puts it in the pre-1979 stock that the LA Rent Stabilization Ordinance generally covers inside city limits. Age drives more than character here: it sets rent-cap exposure, seismic retrofit obligations, and what a lender will underwrite.

When did 10603 Palms Blvd last sell, and for how much?

The last recorded transfer was May 2024, at an estimated $2,360,000 — about $472,000 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 10603 Palms Blvd assessed at, and is that what it is worth?

The current assessed value is $2,407,200 ($1,927,800 land, $479,400 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 10603 Palms Blvd would sell for today?

Public records give you the frame — units, size, age, assessed value, 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.

/// OWNER READING

WHAT IS MY BUILDING WORTH? →SELLING WITH TENANTS IN PLACE →HOW LA RSO WORKS →

Own this building?

FREE, CONFIDENTIAL VALUATION FROM CLOSED COMPS — 48H TURNAROUND.

WHAT'S IT WORTH_TALK TO SHAYA →

NOT SELLING? GET DEALS LIKE THIS FIRST →