6-Plex
5231 Roseland · Los Angeles, CA
Flood risk 6/10 · Moderate
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.67%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $659 – $1,223
Heat risk 6/10 · Moderate
- Hot days now (above 88°F)
- 7 days/yr
- Hot days in 30 yrs
- 21 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 6 days/yr
- Unhealthy air days in 30 yrs
- 7 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +29.4/30.0
- ARV discount +15.0/15.0
- DSCR +10.0/10.0
- 1% rule +8.2/10.0
- Condition / age +3.8/5.0
- Livability +3.4/5.0
- Rent growth +2.5/5.0
- Schools +2.0/10.0
- Appreciation +0.0/10.0
$1,180,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 6 units. confirmed
5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.
Listing remarks MLS
This well-located 6-unit investment property sits in the highly desirable West Adams neighborhood of Los Angeles. Positioned less than 10 miles from Downtown Los Angeles, the property offers convenient access to major employment, entertainment, and cultural hubs including the Los Angeles Convention Center, Crypto.com Arena (formerly Staples Center), and the Los Angeles County Museum of Art (LACMA). West Adams is also ideally situated near the University of Southern California (USC) and Los Angeles Trade Technical College, providing strong rental demand from students, faculty, and professionals alike. The neighborhood continues to experience revitalization, featuring a growing collection of local restaurants, cafés, bars, boutique shops, and neighborhood parks that contribute to its vibrant community atmosphere. With its central location and proximity to key Los Angeles destinations, this property presents an excellent opportunity for investors seeking stable income in one of the city’s most dynamic submarkets.
Key facts
- Strong rental demand
- Convenient access
- 4,803 sq ft lot
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 6 × 2-bed/1.0-bath units multifamily listed at $1.18M. Condition is rated good.
- This rent per unit runs 42% of the median local income ($74k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Deal economics
- At list price, monthly cash flow is $4k ($50k/yr) — positive. Per door: $695/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($16k rent vs $1.18M).
- Recommended offer: $1.11M (6.0% below list) — sets the bar for market timing.
- Cap rate 10.5% vs local median 2.1% in Los Angeles — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 68/100 on livability (#273 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment B; Watch: health & safety C-, crime F, cost of living F.
- Los Angeles Unified (urban): math 29% / reading 54% proficiency, ranked #223 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Cienega Elementary (420 students, 94% FRL); Audubon Middle (407 students, 96% FRL); Valley Academy of Arts And Sciences (math 22% / reading 52%, grade F, #578 of 1,170 statewide, top 51%, 868 students, 64% FRL) — zoned schools average 85% FRL vs 67% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: 200 active listings in the ZIP; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $8k of loan paydown is wiped out by about $35k of value loss. Plan a longer hold.
- Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
- At projected returns (-3.0% appreciation + 3.0% rent growth), your $330k cash investment doubles in ~8 years — after that, you're playing with house money.
Negotiation context
- It's been on market 87 days — a 6% lower offer ($1.11M) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts since 29y ago; this cycle's ask has dropped $220k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major flood risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.32% ✓
- Cap rate
- 10.53%
- Cash-on-cash
- 15.14%
- DSCR
- 1.67
- GRM
- 6.3
CMA / ARV
- ARV (median comp)
- $1,482,672
- List price
- $1,180,000
- Delta
- -20.41%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 11 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 5430 32-34 Smiley Dr | 0.26mi | 11/9.5 (-1) | 4,849 (+4%) | 4mo | $1,375,000 | $284 | 59 |
| 2309 Hauser Blvd | 0.55mi | 12/8.0 | 4,712 (+1%) | 8mo | $1,595,000 | $338 | 58 |
| 5511 Smiley Dr | 0.35mi | 11/8.0 (-1) | 5,670 (+21%) | 6mo | $1,370,000 | $242 | 41 |
| 2120 Carmona Ave | 0.66mi | 11/7.0 (-1) | 4,982 (+7%) | 11mo | $1,350,000 | $271 | 40 |
| 1824 S Highland Ave | 1.13mi | 12/8.0 | 4,708 (+1%) | 35mo | $1,762,500 | $374 | 36 |
| 2305 S Marvin Ave | 0.62mi | 11/7.0 (-1) | 5,332 (+14%) | 9mo | $1,800,000 | $338 | 31 |
| 5563 Carlin St | 0.43mi | 12/9.0 | 5,158 (+10%) | 27mo | $2,250,000 | $436 | 31 |
| 5439 Carlin St | 0.27mi | 13/8.0 (+1) | 5,684 (+22%) | 23mo | $1,415,000 | $249 | 30 |
| 3423 Caroline Ave | 1.39mi | 11/7.5 (-1) | 4,994 (+7%) | 20mo | $1,790,000 | $358 | 26 |
| 5526 Blackwelder St | 0.40mi | 13/13.0 (+1) | 5,168 (+11%) | 33mo | $2,895,000 | $560 | 24 |
| 2320 S Mansfield Ave | 0.68mi | 12/12.0 | 5,303 (+14%) | 27mo | $3,160,000 | $596 | 6 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 3.0% rent growth · sell at horizon
- IRR
- 5.8%
- Equity multiple
- 1.23×
- Total profit
- $74,569
- Equity at exit
- $175,942
- IRR
- 15.2%
- Equity multiple
- 2.23×
- Total profit
- $407,820
- Equity at exit
- $102,025
Cash invested: $330,400 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (CITY)
- 0 Strongly Tenant-Friendly
- State California
- 18 Strongly Tenant-Friendly · D+13
- County
- — inherits STATE
- City Los Angeles
- 0 Strongly Tenant-Friendly · D+22
Active competition Active MLS
- For sale now
- 4 active · 2 under contract
- Months of supply
- 12.0 mo (8%/mo absorbed)
- Median asking
- $1,974,500 ($424/sqft)
- Median days on market
- 72 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- -25.2% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 90016
- Active inventory
- 200
- Price-to-rent
- 37.8×
Monthly cashflow live
- Estimated rent
- $15,600 high interval (Pro) →
- Mortgage (P&I)
- −$6,188
- Tax est. 1.5%
- −$1,475 /mo · $17,700/yr
- Insurance
- −$492
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$3,276
- Net cashflow
- $4,169
6-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 6× units | 2 | 1 | $15,600 |
| #1 | 2 | 1 | $2,600 |
| #2 | 2 | 1 | $2,600 |
| #3 | 2 | 1 | $2,600 |
| #4 | 2 | 1 | $2,600 |
| #5 | 2 | 1 | $2,600 |
| #6 | 2 | 1 | $2,600 |
| Total (6 units) | $15,600 | ||
Break-even live
Sensitivity live
| Price | -10% $4,985 | -5% $4,577 | +0% $4,169 | +5% $3,762 | +10% $3,354 |
|---|---|---|---|---|---|
| Rent | -10% $2,937 | -5% $3,553 | +0% $4,169 | +5% $4,785 | +10% $5,402 |
| Rate | -1.0pp $4,764 | -0.5pp $4,469 | base $4,169 | +0.5pp $3,864 | +1.0pp $3,552 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $295,000
- Closing costs
- $35,400
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2757 Redondo Blvd Los Angeles, CA | 2.0 | 1.0 | 800 | $2,600 | $3.25 | 4d | 1 | 0.02mi |
| 2815 S Redondo Blvd Los Angeles, CA | 2.0 | 1.0 | 700 | $3,249 | $4.64 | 66d | 1 | 0.08mi |
| 5218 1/2 Westhaven St Unit 27005 Los Angeles, CA | 2.0 | 1.0 | 1000 | $2,200 | $2.20 | 39d | 1 | 0.09mi |
| 2826 Alsace Ave Los Angeles, CA | 2.0 | 1.5 | 950 | $3,200 | $3.37 | 93d | 1 | 0.09mi |
| 2841 S Sycamore Ave Unit 3 Los Angeles, CA | 2.0 | 1.0 | 900 | $2,495 | $2.77 | 51d | 1 | 0.11mi |
| 2841 S Sycamore Ave Unit 3 Los Angeles, CA | 2.0 | 1.0 | 900 | $2,500 | $2.78 | 93d | 1 | 0.11mi |
| 2831 S Sycamore Ave Los Angeles, CA | 2.0 | 1.0 | 800 | $2,400 | $3.00 | 93d | 1 | 0.12mi |
| 2672 S Redondo Blvd Los Angeles, CA | 3.0 | 1.0 | 950 | $3,295 | $3.47 | 25d | 1 | 0.12mi |
| 2841 S Redondo Blvd Unit 2841 Los Angeles, CA | 2.0 | 2.0 | 1100 | $2,895 | $2.63 | 93d | 1 | 0.12mi |
| 5246 Blackwelder St Unit 8 Los Angeles, CA | 2.0 | 1.0 | 850 | $2,595 | $3.05 | 93d | 1 | 0.14mi |
| 3015 Alsace Ave Unit 1 Los Angeles, CA | 1.0 | 1.0 | 630 | $2,012 | $3.19 | 0d | 1 | 0.17mi |
| 3015 Alsace Ave Unit 2 Los Angeles, CA | 2.0 | 1.5 | 652 | $2,470 | $3.79 | 0d | 1 | 0.17mi |
| 2927 Redondo Blvd Unit 4 Los Angeles, CA | 3.0 | 3.0 | 1033 | $3,650 | $3.53 | 36d | 1 | 0.20mi |
| 2931 Redondo Blvd Los Angeles, CA | 2.0 | 2.5 | 908 | $3,200 | $3.52 | 36d | 1 | 0.21mi |
| 5347 Blackwelder St Apt 3 Los Angeles, CA | 2.0 | 1.0 | 700 | $2,695 | $3.85 | 66d | 1 | 0.22mi |
| 5335 W Adams Blvd Los Angeles, CA | 1.0 | 1.0 | 620 | $2,600 | $4.19 | 3d | 6 | 0.27mi |
| 5413 Homeside Ave Los Angeles, CA | 2.0 | 1.5 | 800 | $2,995 | $3.74 | 21d | 1 | 0.28mi |
| 5413 Homeside Ave Los Angeles, CA | 2.0 | 1.5 | 800 | $3,495 | $4.37 | 93d | 1 | 0.28mi |
| 5217 W Adams Blvd Los Angeles, CA | 1.0–2.0 | 1.0–2.0 | 859 | $3,350 | $3.90 | 1d | 15 | 0.29mi |
| 5459 Carlin St Unit 3 Los Angeles, CA | 2.0 | 1.0 | 630 | $2,395 | $3.80 | 73d | 1 | 0.31mi |
| 5459 Carlin St Unit 3 Los Angeles, CA | 2.0 | 1.0 | 630 | $2,295 | $3.64 | 48d | 1 | 0.31mi |
| 5458 Smiley Dr Unit 2 Los Angeles, CA | 2.0 | 1.0 | 700 | $2,595 | $3.71 | 48d | 1 | 0.32mi |
| 5181 W Adams Blvd Los Angeles, CA | 1.0 | 1.0 | 646 | $2,548 | $3.94 | 4d | 4 | 0.32mi |
| 5475 Homeside Ave Unit 7a Los Angeles, CA | 2.0 | 1.0 | 850 | $2,450 | $2.88 | 4d | 1 | 0.35mi |
| 2635 Hauser Blvd Rm 5 Los Angeles, CA | 1.0 | 1.0 | 1000 | $950 | $0.95 | 73d | 1 | 0.36mi |
| 2635 Hauser Blvd Rm 1 Los Angeles, CA | 1.0 | 1.0 | 1000 | $1,400 | $1.40 | 38d | 1 | 0.36mi |
| 2918 Hauser Blvd Unit 3 Los Angeles, CA | 2.0 | 1.0 | 555 | $2,295 | $4.14 | 1d | 1 | 0.38mi |
| 2922 Hauser Blvd Unit 3 Los Angeles, CA | 2.0 | 1.0 | 800 | $2,395 | $2.99 | 17d | 1 | 0.39mi |
| 2922 Hauser Blvd Los Angeles, CA | 3.0 | 2.0 | 925 | $2,895 | $3.13 | 93d | 1 | 0.39mi |
| 2529 Hauser Blvd Unit 2529 1/2 Los Angeles, CA | 1.0 | 1.0 | 650 | $2,295 | $3.53 | 37d | 1 | 0.40mi |
| 2529 Hauser Blvd Los Angeles, CA | 1.0 | 1.0 | 650 | $2,295 | $3.53 | 34d | 1 | 0.40mi |
| 2431 S Ridgeley Dr Los Angeles, CA | 2.0 | 1.0 | 539 | $2,195 | $4.07 | 2d | 1 | 0.42mi |
| 2419 S Ridgeley Dr Los Angeles, CA | 2.0 | 1.0 | 540 | $2,195 | $4.06 | 66d | 1 | 0.43mi |
| 2419 S Ridgeley Dr Los Angeles, CA | 2.0 | 1.0 | 540 | $2,195 | $4.06 | 73d | 1 | 0.43mi |
| 2401 S Sycamore Ave Unit 6 Los Angeles, CA | 2.0 | 1.0 | 1000 | $2,595 | $2.60 | 57d | 1 | 0.50mi |
| 2246 Ridgeley Dr Unit 3 Los Angeles, CA | 3.0 | 2.0 | 1013 | $3,000 | $2.96 | 73d | 1 | 0.51mi |
| 2325 1/2 S Sycamore Ave Los Angeles, CA | 2.0 | 1.0 | 672 | $2,650 | $3.94 | 64d | 1 | 0.52mi |
| 5630 Blackwelder St Los Angeles, CA | 2.0 | 1.0 | 650 | $2,875 | $4.42 | 3d | 1 | 0.53mi |
| 2233 S Ridgeley Dr Los Angeles, CA | 2.0 | 1.5 | 950 | $2,550 | $2.68 | 73d | 1 | 0.54mi |
| 2233 S Ridgeley Dr Los Angeles, CA | 2.0 | 2.0 | 1000 | $2,895 | $2.90 | 62d | 1 | 0.54mi |
Listing history 9 events
-
2026-05-01status Active 1038-char remark
Show marketing remark (1038 chars)
This well-located 6-unit investment property sits in the highly desirable West Adams neighborhood of Los Angeles. Positioned less than 10 miles from Downtown Los Angeles, the property offers convenient access to major employment, entertainment, and cultural hubs including the Los Angeles Convention Center, Crypto.com Arena (formerly Staples Center), and the Los Angeles County Museum of Art (LACMA). West Adams is also ideally situated near the University of Southern California (USC) and Los Angeles Trade Technical College, providing strong rental demand from students, faculty, and professionals alike. The neighborhood continues to experience revitalization, featuring a growing collection of local restaurants, cafés, bars, boutique shops, and neighborhood parks that contribute to its vibrant community atmosphere. With its central location and proximity to key Los Angeles destinations, this property presents an excellent opportunity for investors seeking stable income in one of the city’s most dynamic submarkets.
-
2026-04-30historical 1038-char remark
Show marketing remark (1038 chars)
This well-located 6-unit investment property sits in the highly desirable West Adams neighborhood of Los Angeles. Positioned less than 10 miles from Downtown Los Angeles, the property offers convenient access to major employment, entertainment, and cultural hubs including the Los Angeles Convention Center, Crypto.com Arena (formerly Staples Center), and the Los Angeles County Museum of Art (LACMA). West Adams is also ideally situated near the University of Southern California (USC) and Los Angeles Trade Technical College, providing strong rental demand from students, faculty, and professionals alike. The neighborhood continues to experience revitalization, featuring a growing collection of local restaurants, cafés, bars, boutique shops, and neighborhood parks that contribute to its vibrant community atmosphere. With its central location and proximity to key Los Angeles destinations, this property presents an excellent opportunity for investors seeking stable income in one of the city’s most dynamic submarkets.
-
2026-04-03price $1,180,000 1038-char remark
Show marketing remark (1038 chars)
This well-located 6-unit investment property sits in the highly desirable West Adams neighborhood of Los Angeles. Positioned less than 10 miles from Downtown Los Angeles, the property offers convenient access to major employment, entertainment, and cultural hubs including the Los Angeles Convention Center, Crypto.com Arena (formerly Staples Center), and the Los Angeles County Museum of Art (LACMA). West Adams is also ideally situated near the University of Southern California (USC) and Los Angeles Trade Technical College, providing strong rental demand from students, faculty, and professionals alike. The neighborhood continues to experience revitalization, featuring a growing collection of local restaurants, cafés, bars, boutique shops, and neighborhood parks that contribute to its vibrant community atmosphere. With its central location and proximity to key Los Angeles destinations, this property presents an excellent opportunity for investors seeking stable income in one of the city’s most dynamic submarkets.
-
2026-03-25price $1,250,000 1038-char remark
Show marketing remark (1038 chars)
This well-located 6-unit investment property sits in the highly desirable West Adams neighborhood of Los Angeles. Positioned less than 10 miles from Downtown Los Angeles, the property offers convenient access to major employment, entertainment, and cultural hubs including the Los Angeles Convention Center, Crypto.com Arena (formerly Staples Center), and the Los Angeles County Museum of Art (LACMA). West Adams is also ideally situated near the University of Southern California (USC) and Los Angeles Trade Technical College, providing strong rental demand from students, faculty, and professionals alike. The neighborhood continues to experience revitalization, featuring a growing collection of local restaurants, cafés, bars, boutique shops, and neighborhood parks that contribute to its vibrant community atmosphere. With its central location and proximity to key Los Angeles destinations, this property presents an excellent opportunity for investors seeking stable income in one of the city’s most dynamic submarkets.
-
2026-03-15price $1,350,000 1038-char remark
Show marketing remark (1038 chars)
This well-located 6-unit investment property sits in the highly desirable West Adams neighborhood of Los Angeles. Positioned less than 10 miles from Downtown Los Angeles, the property offers convenient access to major employment, entertainment, and cultural hubs including the Los Angeles Convention Center, Crypto.com Arena (formerly Staples Center), and the Los Angeles County Museum of Art (LACMA). West Adams is also ideally situated near the University of Southern California (USC) and Los Angeles Trade Technical College, providing strong rental demand from students, faculty, and professionals alike. The neighborhood continues to experience revitalization, featuring a growing collection of local restaurants, cafés, bars, boutique shops, and neighborhood parks that contribute to its vibrant community atmosphere. With its central location and proximity to key Los Angeles destinations, this property presents an excellent opportunity for investors seeking stable income in one of the city’s most dynamic submarkets.
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2026-03-02$1,400,000 Active 1038-char remark
Show marketing remark (1038 chars)
This well-located 6-unit investment property sits in the highly desirable West Adams neighborhood of Los Angeles. Positioned less than 10 miles from Downtown Los Angeles, the property offers convenient access to major employment, entertainment, and cultural hubs including the Los Angeles Convention Center, Crypto.com Arena (formerly Staples Center), and the Los Angeles County Museum of Art (LACMA). West Adams is also ideally situated near the University of Southern California (USC) and Los Angeles Trade Technical College, providing strong rental demand from students, faculty, and professionals alike. The neighborhood continues to experience revitalization, featuring a growing collection of local restaurants, cafés, bars, boutique shops, and neighborhood parks that contribute to its vibrant community atmosphere. With its central location and proximity to key Los Angeles destinations, this property presents an excellent opportunity for investors seeking stable income in one of the city’s most dynamic submarkets.
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2022-12-20historical
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1997-09-26historical
-
1997-03-13
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Climate risk First Street
- Flood 6/10 Major FEMA zone X (unshaded) · 67% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 6/10 Major 7 d/yr ≥88°F today · 21 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $187,200
- − Mortgage interest
- −$66,098
- − Property taxes
- −$17,700
- − Insurance
- −$5,900
- − Repairs & maintenance
- −$14,976
- − Management
- −$14,976
- − Depreciation
- −$34,327
- Taxable income
- $33,222
- Est. tax owed @ 24.0%
- −$7,973
- After-tax cash flow
- $42,058/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 9 photos
This well-maintained multi-family property in the desirable West Adams neighborhood of Los Angeles is in good condition with no major repairs needed. Painting the exterior walls and maintaining the HVAC system can further increase its value.
Value-add opportunities
- Both Paint exterior walls — Painting the exterior walls can improve the curb appeal and increase the property's value. ↑
- Both Clean windows — Clean windows can improve the property's appearance and increase its value. ↑
- Both Inspect and maintain HVAC system — Maintaining the HVAC system can improve the property's comfort and energy efficiency, which can increase its value. ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Los Angeles Unified
- NCES district ID
- 0622710
- Math proficiency
- 29% ▼ -4.00%
- Reading proficiency
- 54% ▲ 10.00%
- Median HH income
- $50,403
- Composite
- 35.67/100
- National rank
- #4875
- State rank
- #223 of 517 in CA
Livability — Los Angeles
- Score
- 68/100
- State rank
- #273
- US rank
- #9237
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Los Angeles, CA
- County
- Los Angeles County · 10,940,515 people
- City population
- 3,838,149
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Population (ZIP)
- 46,457
- Household income
- $73,516
- Rent vs Own
- Severe rent burden
- 16% of renters
Population outlook (Los Angeles County) Hauer SSP2
- Today (2025)
- 10,940,515 people
- By 2030
- 11,256,481 · +2.9%
- By 2040
- 11,729,929 · +7.2%
- By 2050
- 11,948,407 · +9.2%
- By 2075
- 11,818,114 · +8.0%
- By 2100
- 10,842,928 · -0.9%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.64)
- Race & ethnicity
- Hispanic / Latino 52% Black 27% Two or more races 18% White 12% Asian 4%
- Hispanic origin (detail)
- Mexican 34%
- Common ancestry
- British 1% Scotch-Irish 1% Romanian 1%
- Foreign-born
- 30% · Canada, South Korea, China
- Languages at home
- 47% English-only · Spanish 47% French/Haitian/Cajun 1% Chinese 1%
Political lean MEDSL · Los Angeles
- 2024 margin
- Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
- 2008→2024 swing
- -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
- All cycles
- 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -991.94%
- Current HPI
- 584.0673
- Rent YoY
- —
- Metro
- —
- State GDP YoY
- ▲ 3.21%
- F500 in state
- 116
Industry mix (Fortune 500 HQ in CA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Technology | 27 | $1,492B |
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| Financial Services | 3 | $174B |
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| Retail | 3 | $44B |
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| Insurance | 3 | $26B |
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| Media / Entertainment | 2 | $115B |
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| Pharmaceuticals / Biotech | 2 | $62B |
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Price history
-15.7% since first listed9 events — show timeline
- 2026-05-01 Relisted — CRMLS
- 2026-04-30 Listing Removed — CRMLS
- 2026-04-03 Price Changed $1,180,000 CRMLS
- 2026-03-25 Price Changed $1,250,000 CRMLS
- 2026-03-15 Price Changed $1,350,000 CRMLS
- 2026-03-02 Listed $1,400,000 CRMLS
- 2022-12-20 Rental Removed — RENT.
- 1997-09-26 Delisted — TheMLS
- 1997-03-13 Listed — TheMLS
Property tax history
+2.0%/yrLatest (2025): $2,161 · +4.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…