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© 2026 SHAYA LOWENSTEIN · LYON STAHL INVESTMENT REAL ESTATE830 S PACIFIC COAST HWY, SUITE D-200, EL SEGUNDO, CA 90245SHAYA@LYONSTAHL.COM · DRE #01942326
BUILDINGS/24222 OCEAN AVE
/// BUILDING FILE · ROLL 2025

24222 OCEAN AVE.

Torrance, CA 90505 · APN 7534-010-057

/// WHERE DO WE REACH YOU?

ONE EMAIL, USED TO KEEP THIS LIST AND TO TELL YOU IF A WATCHED BUILDING LISTS OR SELLS. UNSUBSCRIBE ANY TIME.

UNITS

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BUILDING SF

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SF / UNIT

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YEAR BUILT

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BEDROOMS

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BATHROOMS

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USE · CODE 0300

TRIPLEX

/// ASSESSED VALUE
LAND$768,688
IMPROVEMENTS$0
TOTAL$768,688
LAND BASE YEAR2016
OWNERSHIP TENUREAPPROX. 10 YEARS

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

/// LAST TRANSFER
RECORDEDJUL 17, 2015

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.

/// RENT CONTROL

LIKELY UNDER AB 1482 STATE CAP (5% + CPI, MAX 10%)

Outside LA RSO coverage on these records — most California multifamily over 15 years old falls under the AB 1482 statewide cap of 5% plus CPI, never more than 10% per year.

AB 1482 VS RSO →INFERRED FROM PUBLIC RECORDS — VERIFY WITH LAHD / ZIMAS BEFORE RELYING ON IT.
/// ZIP 90505

Recent sales nearby.

ADDRESSSOLDEST. PRICEEST. $/UNITUNITS
23940 LOS CODONA AVE→DEC 2024EST.$5,400,000$300,000UNITS1824241 MADISON ST→DEC 2024EST.$1,160,000$580,000UNITS225530 JANUARY DR→SEP 2024EST.$1,750,000$875,000UNITS225909 ROLLING HILLS RD→AUG 2024EST.$71,500,000$668,224UNITS1072543 W 225TH PL→JUL 2024EST.$723,390$361,695UNITS225220 BIGELOW RD→JUL 2024EST.$1,825,000$456,250UNITS425226 BIGELOW RD→JUL 2024EST.$1,827,000$456,750UNITS422311 OCEAN AVE→JUL 2024EST.$3,503,587$140,143UNITS25

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

/// COMPARE

Buildings like this one.

ON OCEAN AVE · ZIP 90505

22311 OCEAN AVE→25 UNITS · BUILT 1960 · 5+ UNITS22403 OCEAN AVE→89 UNITS · BUILT 1961 · 5+ UNITS22416 OCEAN AVE→38 UNITS · BUILT 1971 · 5+ UNITS22420 OCEAN AVE→49 UNITS · BUILT 1965 · 5+ UNITS22515 OCEAN AVE→19 UNITS · BUILT 1968 · 5+ UNITS22520 OCEAN AVE→13 UNITS · BUILT 1984 · 5+ UNITS

SIMILAR SIZE AND ERA IN 90505

24218 WARD ST→2 UNITS · BUILT 1995 · 4,196 SF24260 OCEAN AVE→3 UNITS · BUILT 1949 · 2,812 SF24437 WARD ST→3 UNITS · BUILT 1970 · 3,672 SF25205 DENNY RD→3 UNITS · BUILT 1952 · 2,872 SF25215 LOYTAN ST→3 UNITS · BUILT 1957 · 2,504 SF25538 JANUARY DR→3 UNITS · BUILT 1990 · 3,845 SF
EVERY BUILDING IN 90505 →LAND WORTH MORE THAN THE BUILDING →
/// COMMON QUESTIONS · 24222 OCEAN AVE

The short answers.

Is 24222 Ocean Ave rent controlled?

Outside LA RSO coverage on these records — most California multifamily over 15 years old falls under the AB 1482 statewide cap of 5% plus CPI, never more than 10% per 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.

When did 24222 Ocean Ave last change hands?

The most recent transfer on the roll was recorded July 2015. 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 24222 Ocean Ave assessed at, and is that what it is worth?

The current assessed value is $768,688 ($768,688 land). 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 10 years.

How do I find out what 24222 Ocean Ave 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 →