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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/5051 E 3RD ST
/// BUILDING FILE · ROLL 2025

5051 E 3RD ST.

Los Angeles, CA 90022 · APN 5250-003-906

/// 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$0
IMPROVEMENTS$0
TOTAL$0
LAND BASE YEAR2007
OWNERSHIP TENUREAPPROX. 19 YEARS

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

/// LAST TRANSFER
RECORDEDJUN 18, 2010

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 90022

Recent sales nearby.

ADDRESSSOLDEST. PRICEEST. $/UNITUNITS
5838 ALLSTON ST→DEC 2024EST.$850,000$212,500UNITS41109 S FERRIS AVE→DEC 2024EST.$435,000$217,500UNITS2659 FINDLAY AVE→DEC 2024EST.$830,000$276,667UNITS31424 CLELA AVE→DEC 2024EST.$820,000$273,333UNITS3609 S LA VERNE AVE→DEC 2024EST.$1,300,000$216,667UNITS6741 S FORD BLVD→DEC 2024EST.$816,000$272,000UNITS34351 EUGENE ST→DEC 2024EST.$716,000$358,000UNITS24775 HAMMEL ST→DEC 2024EST.$569,900$189,967UNITS3

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

/// COMPARE

Buildings like this one.

ON E 3RD ST · ZIP 90022

4338 E 3RD ST→2 UNITS · DUPLEX4655 E 3RD ST→78 UNITS · BUILT 2023 · 5+ UNITS4668 E 3RD ST→8 UNITS · BUILT 1942 · 5+ UNITS5051 E 3RD ST→60 UNITS · BUILT 2012 · 5+ UNITS5051 E 3RD ST→5+ UNITS

SIMILAR SIZE AND ERA IN 90022

1001 SIMMONS AVE→7 UNITS · BUILT 1949 · 2,907 SF1008 S FETTERLY AVE→6 UNITS · BUILT 1948 · 4,326 SF1016 S VANCOUVER AVE→8 UNITS · BUILT 1929 · 5,258 SF1020 S KERN AVE→6 UNITS · BUILT 1931 · 3,264 SF1024 S DUNCAN AVE→5 UNITS · BUILT 1906 · 2,236 SF1025 S KERN AVE→75 UNITS · BUILT 1973 · 53,397 SF
EVERY BUILDING IN 90022 →
/// COMMON QUESTIONS · 5051 E 3RD ST

The short answers.

Is 5051 E 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 5051 E 3rd St last change hands?

The most recent transfer on the roll was recorded June 2010. 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 5051 E 3rd St face a big tax bill on a sale?

Possibly. A base year going back roughly 19 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 5051 E 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 →