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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/351 S STATE ST
/// BUILDING FILE · ROLL 2025

351 S STATE ST.

Los Angeles, CA 90033 · APN 5174-019-047

/// 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 0500

5+ UNITS

/// ASSESSED VALUE
LAND$783,679
IMPROVEMENTS$0
TOTAL$783,679
LAND BASE YEAR2021
OWNERSHIP TENUREAPPROX. 5 YEARS

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

/// LAST TRANSFER
RECORDEDJUL 1, 2024

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 90033

Recent sales nearby.

ADDRESSSOLDEST. PRICEEST. $/UNITUNITS
538 S BOYLE AVE, UNIT A→DEC 2024EST.$930,000$310,000UNITS32611 GANAHL ST→DEC 2024EST.$785,000$392,500UNITS2442 S BOYLE AVE→DEC 2024EST.$1,155,000$288,750UNITS42202 MICHIGAN AVE→DEC 2024EST.$6,500,000$232,143UNITS282100 CITY VIEW AVE→DEC 2024EST.$1,200,000$200,000UNITS61132 N EVERGREEN AVE→DEC 2024EST.$900,000$300,000UNITS3324 N ST LOUIS ST→DEC 2024EST.$900,000$112,500UNITS8328 N ST LOUIS ST→DEC 2024EST.$900,000$112,500UNITS8

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

/// COMPARE

Buildings like this one.

ON S STATE ST · ZIP 90033

116 S STATE ST→5 UNITS · BUILT 1905 · 5+ UNITS305 S STATE ST→3 UNITS · BUILT 1958 · TRIPLEX311 S STATE ST→8 UNITS · BUILT 1963 · 5+ UNITS317 S STATE ST→8 UNITS · BUILT 1971 · 5+ UNITS319 S STATE ST→6 UNITS · BUILT 1895 · 5+ UNITS325 S STATE ST→3 UNITS · BUILT 1890 · TRIPLEX

SIMILAR SIZE AND ERA IN 90033

1010 BRITTANIA ST→10 UNITS · BUILT 1990 · 6,968 SF1011 N CUMMINGS ST→10 UNITS · BUILT 1922 · 6,540 SF1015 N CUMMINGS ST→10 UNITS · BUILT 1922 · 6,540 SF1021 N CUMMINGS ST→10 UNITS · BUILT 1922 · 5,880 SF1023 TREMONT ST→5 UNITS · BUILT 1927 · 4,051 SF1025 N CUMMINGS ST→10 UNITS · BUILT 1922 · 5,880 SF
EVERY BUILDING IN 90033 →LAND WORTH MORE THAN THE BUILDING →
/// COMMON QUESTIONS · 351 S STATE ST

The short answers.

Is 351 S State 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 351 S State St last change hands?

The most recent transfer on the roll was recorded July 2024. 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 351 S State St assessed at, and is that what it is worth?

The current assessed value is $783,679 ($783,679 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.

How do I find out what 351 S State 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 →