BUILDINGS/844 PALMS BLVD

/// BUILDING FILE · ROLL 2025

844 PALMS BLVD.

Venice, CA 90291 · APN 4241-016-021

UNITS

BUILDING SF

2,864

SF / UNIT

1,432

YEAR BUILT

1964

BEDROOMS

BATHROOMS

USE · CODE 0201

DUPLEX

/// ASSESSED VALUE

LAND$2,244,000

IMPROVEMENTS$1,836,000

TOTAL$4,080,000

LAND BASE YEAR2024

OWNERSHIP TENUREAPPROX. 2 YEARS

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

/// LAST TRANSFER

RECORDEDJAN 19, 2024

EST. PRICE (2024)$4,000,000

EST. $/UNIT$2,000,000

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

/// 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 90291

Recent sales nearby.

ADDRESSSOLDEST. PRICEEST. $/UNITUNITS

1325 APPLETON WAY→DEC 2024EST.$2,375,000$1,187,500UNITS2 577 VENICE BLVD→DEC 2024EST.$1,359,500$679,750UNITS2 216 WESTMINSTER AVE→DEC 2024EST.$1,700,000$850,000UNITS2 935 VENEZIA AVE→DEC 2024EST.$1,731,000$1,731,000UNITS1 740 BROOKS AVE→DEC 2024EST.$1,499,000$499,667UNITS3 705 SUNSET AVE→DEC 2024EST.$3,500,000$875,000UNITS4 924 MARCO PL→DEC 2024EST.$2,455,000$409,167UNITS6 518 RIALTO AVE→DEC 2024EST.$1,200,000$600,000UNITS2

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 90291

1009 PALMS BLVD→1 UNITS · BUILT 1923 · DUPLEX 1029 PALMS BLVD→2 UNITS · BUILT 1963 · DUPLEX 1036 PALMS BLVD→2 UNITS · BUILT 1924 · DUPLEX 1070 PALMS BLVD→2 UNITS · BUILT 1926 · DUPLEX 1073 PALMS BLVD→3 UNITS · BUILT 1923 · DUPLEX 1084 PALMS BLVD→2 UNITS · BUILT 1924 · DUPLEX

SIMILAR SIZE AND ERA IN 90291

1015 VAN BUREN AVE→2 UNITS · BUILT 1954 · 1,602 SF 1029 HARRISON AVE→2 UNITS · BUILT 1950 · 1,422 SF 1036 GARFIELD AVE→2 UNITS · BUILT 1951 · 1,816 SF 105 PALOMA AVE→2 UNITS · BUILT 1965 · 1,584 SF 1050 6TH AVE→2 UNITS · BUILT 1950 · 3,235 SF 106 PALOMA AVE→2 UNITS · BUILT 1959 · 1,488 SF

EVERY BUILDING IN 90291 →

/// COMMON QUESTIONS · 844 PALMS BLVD

The short answers.

Is 844 Palms Blvd 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.

How many units does 844 Palms Blvd have?

County records list 2 units at 844 Palms Blvd, classified as duplex across 2,864 square feet of building area, averaging about 1,432 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.

When was 844 Palms Blvd built?

The assessor roll gives a build year of 1964, 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 844 Palms Blvd last sell, and for how much?

The last recorded transfer was January 2024, at an estimated $4,000,000 — about $2,000,000 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 844 Palms Blvd assessed at, and is that what it is worth?

The current assessed value is $4,080,000 ($2,244,000 land, $1,836,000 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 844 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 →