SKIP TO CONTENT
S.LOWENSTEIN
DEAL INDEXBUILDINGSMARKETSTOOLSGUIDESWHOCONTACTVALUATION_
VALUATION_
DEAL INDEXBUILDINGSMARKETSTOOLSGUIDESWHOCONTACTWHAT'S IT WORTH? →
THEME
DEAL INDEXBUILDINGSTRACK RECORDMARKETSMARKET REPORTTOOLSGUIDESDEAL ALERTSWATCHLISTWHOVALUATIONCONTACT
(323) 944-2221@SHAYASELLSLA
© 2026 SHAYA LOWENSTEIN · LYON STAHL INVESTMENT REAL ESTATE830 S PACIFIC COAST HWY, SUITE D-200, EL SEGUNDO, CA 90245SHAYA@LYONSTAHL.COM · DRE #01942326
BUILDINGS/309 S 3RD ST
/// BUILDING FILE · ROLL 2025

309 S 3RD ST.

Alhambra, CA 91801 · APN 5344-019-905

/// 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

—

BUILDING SF

—

SF / UNIT

—

YEAR BUILT

—

BEDROOMS

—

BATHROOMS

—

USE · CODE 0200

DUPLEX

/// ASSESSED VALUE
LAND$0
IMPROVEMENTS$0
TOTAL$0
LAND BASE YEAR1975
OWNERSHIP TENUREAPPROX. 51 YEARS

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

/// LAST TRANSFER
RECORDEDJUN 6, 1991

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 91801

Recent sales nearby.

ADDRESSSOLDEST. PRICEEST. $/UNITUNITS
120 W GRAND AVE→DEC 2024EST.$7,470,000$415,000UNITS181400 W PINE ST→DEC 2024EST.$1,925,000$385,000UNITS5218 N BUSHNELL AVE→DEC 2024EST.$1,820,000$606,667UNITS32003 VINE ST→DEC 2024EST.$1,180,000$590,000UNITS23216 SHERWOOD AVE→DEC 2024EST.$875,000$437,500UNITS2525 HOWARD ST→NOV 2024EST.$1,635,000$272,500UNITS6421 S 5TH ST→NOV 2024EST.$1,280,000$640,000UNITS2124 S ALMANSOR ST→NOV 2024EST.$348,960$174,480UNITS2

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

/// COMPARE

Buildings like this one.

ON S 3RD ST · ZIP 91801

1237 S 3RD ST→4 UNITS · BUILT 1931 · FOURPLEX1241 S 3RD ST→3 UNITS · BUILT 1941 · TRIPLEX1243 S 3RD ST→4 UNITS · BUILT 1939 · FOURPLEX308 S 3RD ST→5 UNITS · BUILT 1903 · 5+ UNITS312 S 3RD ST→4 UNITS · BUILT 1956 · FOURPLEX316 S 3RD ST→3 UNITS · BUILT 1952 · TRIPLEX

SIMILAR SIZE AND ERA IN 91801

100 LA PALOMA AVE→2 UNITS · BUILT 1922 · 1,879 SF100 LOS HIGOS ST→2 UNITS · BUILT 1935 · 2,063 SF100 N 5TH ST→2 UNITS · BUILT 1910 · 2,572 SF100 N GRANADA AVE→2 UNITS · BUILT 1912 · 1,922 SF100 N HIDALGO AVE→2 UNITS · BUILT 1910 · 3,188 SF100 S CURTIS AVE→2 UNITS · BUILT 2022 · 4,788 SF
EVERY BUILDING IN 91801 →
/// COMMON QUESTIONS · 309 S 3RD ST

The short answers.

Is 309 S 3rd St 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 309 S 3rd St last change hands?

The most recent transfer on the roll was recorded June 1991. 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.

Would the owner of 309 S 3rd St face a big tax bill on a sale?

Possibly. A base year going back roughly 51 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 309 S 3rd St 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 →