The Preuss Apartments is a Four Unit investment property located in the prime Pico Robertson neighborhood of Los Angeles. The property was originally built in 1955, however two units were remodeled in 2009 and the Studio unit was just completed in 2016. The property features a strong unit-mix of two nicely upgraded Two Bedroom/One Bathroom units, which include Kitchens with Granite Counters, Wood Cabinets, Luxurious Bathrooms, Hardwood Floors, in-unit Washer/Dryer hookups and Central HVAC. These are complimented by a brand new Single unit with Modern Kitchen and Bathroom and a One Bedroom/One Bathroom unit that is ripe for an astute investor to modernize and increase rents, which are currently about 14% below market. There are three garage parking spaces and four onsite bicycle parking spaces. Great for an Investor or as a Potential Owner User property.
Multi-familyProperty Type
1955Year Built
3,730 sq ftLot Size
$561Est. Price/Sq.Ft.
3 car garageParking
Listed by Daniel Baird•DRE #01249675• Sperry Van Ness
•310-904-8645 (agent)
•richd@svn.com (agent)
Bought with Daniel Baird•DRE #01249675• Sperry Van Ness
The Preuss Apartments is a Four Unit investment property located in the prime Pico Robertson neighborhood of Los Angeles. The property was originally built in 1955, however two units were remodeled in 2009 and the Studio unit was just completed in 2016. The property features a strong unit-mix of two nicely upgraded Two Bedroom/One Bathroom units, which include Kitchens with Granite Counters, Wood Cabinets, Luxurious Bathrooms, Hardwood Floors, in-unit Washer/Dryer hookups and Central HVAC. These are compl
The Preuss Apartments is a Four Unit investment property located in the prime Pico Robertson neighborhood of Los Angeles. The property was originally built in 1955, however two units were remodeled in 2009 and the Studio unit was just completed in 2016. The property features a strong unit-mix of two nicely upgraded Two Bedroom/One Bathroom units, which include Kitchens with Granite Counters, Wood Cabinets, Luxurious Bathrooms, Hardwood Floors, in-unit Washer/Dryer hookups and Central HVAC. These are complimented by a brand new Single unit with Modern Kitchen and Bathroom and a One Bedroom/One Bathroom unit that is ripe for an astute investor to modernize and increase rents, which are currently about 14% below market. There are three garage parking spaces and four onsite bicycle parking spaces. Great for an Investor or as a Potential Owner User property.
TheMLS #09-345861
Oct 24, 2009
Pending
—
Public Records
Jun 12, 2009
Sold
$815,000
$287/sq ft
Public Records
Jul 3, 2006
Sold
$864,000
$305/sq ft
Public Records
Mar 21, 1989
Sold
$315,000
$111/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$18,008 (+1.1%)
$1,044,524 + $435,217
$1,479,741
2024
$17,806 (+2.0%)
$1,044,524 + $435,217
$1,479,741
2023
$17,465 (+4.9%)
$1,024,044 + $426,684
$1,450,728
2022
$16,656 (+1.3%)
$1,003,965 + $418,318
$1,422,283
2021
$16,445 (−1.0%)
$984,280 + $410,116
$1,394,396
2020
$16,614 (+4.1%)
$964,981 + $402,075
$1,367,056
2019
$15,953 (+0.5%)
$955,087 + $397,953
$1,353,040
2018
$15,876 (+2.3%)
$936,360 + $390,150
$1,326,510
2017
$15,513 (+43.4%)
$900,000 + $375,000
$1,275,000
2016
$10,822 (+1.5%)
$900,000 + $375,000
$1,275,000
2015
$10,665 (−0.4%)
$587,422 + $299,148
$886,570
2014
$10,713 (−1.3%)
$567,266 + $288,884
$856,150
2012
$10,852 (+3.4%)
$564,703 + $287,579
$852,282
2011
$10,499 (−1.2%)
$553,631 + $281,941
$835,572
2010
$10,623 (−4.9%)
$542,776 + $276,413
$819,189
2009
$11,170 (+4.5%)
$538,720 + $274,348
$813,068
2008
$10,687
$722,037 + $176,868
$898,905
Tax history for 1624 Preuss Rd
Year
Property tax
Land + Additions
Assessment*
2025
$18,008 (+1.1%)
$1,044,524 + $435,217
$1,479,741
2024
$17,806 (+2.0%)
$1,044,524 + $435,217
$1,479,741
2023
$17,465 (+4.9%)
$1,024,044 + $426,684
$1,450,728
2022
$16,656 (+1.3%)
$1,003,965 + $418,318
$1,422,283
2021
$16,445 (−1.0%)
$984,280 + $410,116
$1,394,396
2020
$16,614 (+4.1%)
$964,981 + $402,075
$1,367,056
2019
$15,953 (+0.5%)
$955,087 + $397,953
$1,353,040
2018
$15,876 (+2.3%)
$936,360 + $390,150
$1,326,510
2017
$15,513 (+43.4%)
$900,000 + $375,000
$1,275,000
2016
$10,822 (+1.5%)
$900,000 + $375,000
$1,275,000
2015
$10,665 (−0.4%)
$587,422 + $299,148
$886,570
2014
$10,713 (−1.3%)
$567,266 + $288,884
$856,150
2012
$10,852 (+3.4%)
$564,703 + $287,579
$852,282
2011
$10,499 (−1.2%)
$553,631 + $281,941
$835,572
2010
$10,623 (−4.9%)
$542,776 + $276,413
$819,189
2009
$11,170 (+4.5%)
$538,720 + $274,348
$813,068
2008
$10,687
$722,037 + $176,868
$898,905
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
5
Baths
4
Stories
—
Lot width
—
Lot depth
—
Lot size
3,730 Sq. Ft.
Year renovated
1955
Sq. Ft.
2,836
Year built
1955
Style
Multi-Family (2-4 Unit)
County
Los Angeles County
APN
4303003007
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 28, 2026.
Apr 15, 2016 • Final
Hvac
Install a window air conditioning unit.
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage
3 Car Garage
Parking
# of Parking Spaces (Total): 3
# of Covered Parking Spaces: 3
Interior
Heating & Cooling
A/C
Central Heat
Multi-Unit Income
Laundry Income: $360
Gross Income: 72284
Gross Scheduled Income: $67,320
Gross Operating Income: $74,520
Net Operating Income: $46,068
Monthly Gross Income: $5,940
Garage Income: $3,600
Multi-Unit Expenses
Trash Expense: $941
Licenses Expense: $140
Pest Expense: $435
Gas Expense: $644
Insurance Expense: $1,558
Electric Expense: $941
Water Expense: $941
Gardener Expense: $435
Maintenance Expense: $2,981
Total Annual Expense: $26,216
Tax Expense: $16,900
Other Expense: $300
Multi-Unit Other Financial Information
Rent Control: 100
Cap Rate: 3.5
Gross Rent Multiplier: 17.8
Vacancy Rate: 50
Scheduled Actual: Scheduled
Multi-Unit Information
Unit Type Type: 1, 2, 3, 4
Type Of Units: Apartment
# of Buildings: 1
Unit 1 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,000
Projected Rent: $1,600
Actual Rent: $1,000
# of Units: 1
Unit 2 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,860
Projected Rent: $2,150
Actual Rent: $1,860
# of Units: 1
Unit 3 Information
# of Beds: 2
# of Baths: 1.00
Rent: $2,150
Projected Rent: $2,150
Actual Rent: $2,150
# of Units: 1
Unit 4 Information
# of Beds: 0
# of Baths: 1.00
Rent: $1,200
Projected Rent: $1,200
Actual Rent: $1,200
# of Units: 1
Exterior
Building Information
Total Floors: 2
Construction: STUCCO
Property Information
Property Type: Residential Income
Lot Information
Lot Size (Sq. Ft.): 3,730
Zoning: LAR3
Financial
Assessment Information
Assessed Land Value: $567,266
Assessed Improvement Value: $288,884
Assessor Parcel Number: 4303-003-007
Location
Community Information
# of Units in Complex (Total): 4
Location Information
Directions: The subject property is located in the highly sought after Pico-Robertson Area and is poised to benefit from the soon to break ground renovations at the Robertson Rec Center project across the street that will create a new $7 million neighborhood community center that includes a modern gymnasium, community center and child care center.
Public facts
Beds: 5
Baths: 4.0
Sq. Ft.: 2,836
Stories: —
Lot Size: 3,730 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1955
Year Renovated: 1955
County: Los Angeles County
APN: 4303003007
Home facts updated by county records on Aug 28, 2026
Other
Documents & Disclosures
Disclosures: As Is
Around this home
Schools
Canfield Avenue Elementary School
Public K-5 • Assigned • 0.4mi
9/10
Daniel Webster Middle School
Public 6-8 • Assigned • 3.2mi
6/10
Alexander Hamilton Senior High School
Public 9-12 • Assigned • 1.2mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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