Los Angeles County  »  90024  »  Gayley Ave  »  505 Gayley Ave

505 Gayley Avenue, Los Angeles, CA 90024 Property Information

505 Gayley Avenue, Los Angeles, CA 90024 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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505 Gayley Avenue, Los Angeles, CA 90024
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Address

Primary address 505 Gayley Avenue, Los Angeles
Alternate address(es) 505 S Gayley Ave
Zip code 90024
County Los Angeles
Municipality Los Angeles
Neighborhood Westwood

Sales & Tax Overview for 505 Gayley Avenue, Los Angeles

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Sale date 09/27/1988
Sale price $4,750,000
Arm's length
Current property tax $56,662

Lot & Building Information for 505 Gayley Avenue, Los Angeles

Building sqft 17,610
Building class Five or More Apartments or Units - 4 Stories or Less (0500)
Acreage 0.21
Units 34
Year built 1958
Year last altered 1972
Stories 4
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district
Weed hazard No
School district Los Angeles Unified School District

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Other Property Data for 505 Gayley Avenue, Los Angeles

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About 505 Gayley Avenue, Los Angeles

What is the year built & the total sq. ft. for 505 Gayley Avenue, Los Angeles, CA 90024?

505 Gayley Avenue, Los Angeles, CA 90024 was built in 1958 and has a total of 17,610 square feet.

What is the assessed value of 505 Gayley Avenue, Los Angeles, CA 90024 and the property tax paid?

Assessed at $4,551,446, the tax amount paid for 505 Gayley Avenue, Los Angeles, CA 90024 is $54,043.

When was 505 Gayley Avenue, Los Angeles, CA 90024 last sold and what was the last sale price?

505 Gayley Avenue, Los Angeles, CA 90024 was last sold in 09/27/1988 for $4,750,000.

How many residential units does this building have?

This building has 34 residential unit(s).

Ownership Information

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Real Estate Reports:
Laura Pop-Badiu, May 21, 2026 How to Find Land Boundaries: Free & Paid Methods
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Laura Pop-Badiu, May 07, 2026 Locked-In Owners, Mobile Renters: Homeowners Stay Put as Renters Move 3.7x More Across Largest U.S. Cities 
Renters became the primary drivers of long-distance mobility across the largest U.S. cities, moving 3.7 times more than owners in 2024, as high mortgage rates and housing costs kept many homeowners in place.
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
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Past Sales & Property History for 505 Gayley Avenue, Los Angeles

Create a free account to view the complete sales history for 505 Gayley Avenue, Los Angeles, including title documents, transfer conditions, mortgages and liens.

Purchase date Purchase price Buyer name Seller name
09/27/1988 $4,750,000
09/27/1988 $85,000
07/27/1988 $85,000
       
       
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*Here are the three most recent sales for this property.


Title Documents for 505 Gayley Avenue, Los Angeles

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Date Type Amount Party 1 Party 2 Maturity Document Doc image
09/06/2012 Assignment of Lease
Assignment of Rents
Financing Statement
Trust Deed
09/27/1988 Deed
09/27/1988 Deed
07/27/1988 Deed
               
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R: Recorded date
D: Document date

Property Taxes for 505 Gayley Avenue, Los Angeles

Access detailed property tax data for 505 Gayley Avenue, Los Angeles, CA 90024. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Base tax $54,044
Current property tax $56,662
Market value $4,551,446

Special Assessments And Penalties for 505 Gayley Avenue, Los Angeles

Special Assessments

Abatements, financial assistance programs and non-ad valorem taxes levied as special taxes/direct assessments are applicable for this property.

Code Description Tax levied
00194 Health License Fees
03694 La County Regional Park And Open Space District
18851 Los Angeles City Light Maintenance
03071 Los Angeles County Flood Control
00170 Los Angeles County Trauma/Emerg Srvs

Assessment History for 505 Gayley Avenue, Los Angeles

Here's the assessment & property tax history for 505 Gayley Avenue, Los Angeles, including the evolution of the total tax rate and corresponding property tax.

Year Assessment value Total tax rate Property tax Year over year change
2025-2026 $4,551,446 1.1874 $54,044 +0.95%
2024-2025 $4,462,308 1.1997 $53,534 +2.02%
2023-2024 $4,374,918 1.1994 $52,473 +4.96%
2022-2023 $4,289,241 1.1655 $49,991 +1.16%
2021-2022 $4,205,244 1.1752 $49,420 -1.06%

Permits for 505 Gayley Avenue, Los Angeles

The complete history of permits filed for 505 Gayley Avenue, Los Angeles, including new construction or demolition permits, complaints, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Issued Permit Type Sub type Valuation Expires Status
03/25/2024
05/21/2002
05/08/2002
05/08/2002
05/08/2002
05/08/2002
01/16/2001
01/16/2001
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Los Angeles residential market stats

Median Sale Price
$1,000,000
1% YoY
Median Price/Sqft
$663
1.5% YoY
Los Angeles County Median Sale Price
$872,000
0.2% YoY

Access a detailed real estate market overview of Los Angeles so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Los Angeles and compare it to other neighborhoods in Los Angeles County.

Check out recently sold homes in Los-Angeles and see how their prices compare.

Demographics by Zip Code

Total population 51,675
Median age 22.7
Average household income $159,054
Family households 33.3%
Occupied housing units 16,771
Owner occupied units 32.5%
Average number of people per household 2.02
Median year structure built 1975
Median value for units with a mortgage $1,410,200
Median value for units without a mortgage $1,558,600

Risk

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FEMA flood zone(s) X (See more on map)
Fire hazard zone See more on map
Faults and tsunami inundation zone map
Landslides and liquefaction map
Earthquake-induced liquefaction area

Transportation

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Neighbors for 505 Gayley Avenue, Los Angeles

Here are the neighbors for 505 Gayley Avenue, Los Angeles.

Address Square feet Purchase date Purchase price
535 Gayley Ave, Los Angeles 41,024 06/26/2015
468 Landfair Ave, Los Angeles
581 Gayley Ave, Los Angeles 9,255
478 Landfair Ave, Los Angeles 7,570 08/01/2002 $1,164,011
522 Landfair Ave, Los Angeles 8,850 12/23/2021
442 Landfair Ave, Los Angeles 8,024 05/05/2011
501 Gayley Ave, Los Angeles 14,896 09/27/1988 $85,000
450 Landfair Ave, Los Angeles
524 Landfair Ave, Los Angeles 9,930 07/26/2012
10919 Strathmore Dr, Los Angeles 7,300 08/09/2024
488 Landfair Ave, Los Angeles 8,002
500 Landfair Ave, Los Angeles 54,713
547 Gayley Ave, Los Angeles 7,272
515 Gayley Ave, Los Angeles 9,672
456 Landfair Ave, Los Angeles
555 Gayley Ave, Los Angeles 9,127 06/28/2002
483 Gayley Ave, Los Angeles 7,520
459 Gayley Ave, Los Angeles 8,580
10915 Strathmore Dr, Los Angeles 04/14/2022 $11,500,000
462 Landfair Ave, Los Angeles

Nearby ZIP Codes for 505 Gayley Avenue, Los Angeles

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