5231 Roseland · Los Angeles, CA 90016

$1,180,000

12 bd · 6.0 ba · 4,672 sqft · MultiFamily public records · 87 Days on market

Built 1954 4,803 sqft lot $253/sqft · 18% below area Est $1478k · 20% under ↓ 16% since listing

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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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

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

• WEST ADAMS NEIGHBORHOOD
• CONVENIENT ACCESS
• STRONG RENTAL DEMAND
• VIBRANT COMMUNITY ATMOSPHERE

What this means for you Summary

Snapshot

• This is a 6 × 2-bed/1.0-bath units multifamily listed at $1.18M.

Deal economics

• At list price, monthly cash flow is $5k ($61k/yr) — positive. Per door: $847/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($17k rent vs $1.18M).
• Recommended offer: $1.11M (6.0% below list) — sets the bar for market timing.
• Cap rate 11.5% 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-, schools D+, crime 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.
• Market conditions: Rents rising (+1.1%/yr); 149 active listings in the ZIP; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
• At $16,756/mo this rent would consume 274% of the median local household income ($74k/yr) (locally 3450% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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 + 1.1% 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.

Recommended offer $1,109,200 (6.0% below list)

Questions for the listing agent

1. 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?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 1.42% ✓
• Cap rate: 11.46%
• Cash-on-cash: 18.46%
• DSCR: 1.82
• GRM: 5.9

CMA / ARV

• ARV (median comp): $1,478,110
• List price: $1,180,000
• Delta: -20.17%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 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%)	3mo	$1,375,000	$284	61
2309 Hauser Blvd	0.55mi	12/8.0	4,712 (+1%)	7mo	$1,595,000	$338	59
2120 Carmona Ave	0.66mi	11/7.0 (-1)	4,982 (+7%)	10mo	$1,350,000	$271	41
2305 S Marvin Ave	0.62mi	11/7.0 (-1)	5,332 (+14%)	8mo	$1,800,000	$338	32

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 · 1.12% rent growth · sell at horizon

5-year hold

• IRR: 8.0%
• Equity multiple: 1.31×
• Total profit: $101,637
• Equity at exit: $175,942

10-year hold

• IRR: 15.6%
• Equity multiple: 2.16×
• Total profit: $383,416
• 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

LARSO + JCEO 2023; relocation for substantial remodel evictions.

Methodology + full state rankings →

ZIP-level market 90016

• Rents YoY: 1.1%
• Active inventory: 149
• Price-to-rent: 35.2×

Monthly cashflow live

• Estimated rent: $16,756 high
• Mortgage (P&I): −$6,188
• Tax est. 1.5%: −$1,475 /mo · $17,700/yr
• Insurance: −$492
• HOA: −$0
• Vacancy / Maint / Mgmt: −$3,519
• Net cashflow: $5,083

Break-even live

Break-even rent $10,322

Max offer price $1,180,000

Occupancy floor 65%

Sensitivity live

Price	-10% $5,898	-5% $5,490	+0% $5,083	+5% $4,675	+10% $4,267
Rent	-10% $3,759	-5% $4,421	+0% $5,083	+5% $5,744	+10% $6,406
Rate	-1.0pp $5,677	-0.5pp $5,383	base $5,083	+0.5pp $4,777	+1.0pp $4,466

6-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 6× units	2	1	$16,758
Total (6 units)			$16,756

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
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-05-01
   status 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.

2. 2026-04-30
   historical 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.

3. 2026-04-03
   price $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.

4. 2026-03-25
   price $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.

5. 2026-03-15
   price $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.

6. 2026-03-02
   listed $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.

7. 2022-12-20
   historical
8. 1997-09-26
   historical
9. 1997-03-13
   listed

ⓘ 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

Taxation est. · year 1

• Rental income: $201,072
• − Mortgage interest: −$66,098
• − Property taxes: −$17,700
• − Insurance: −$5,900
• − Repairs & maintenance: −$16,086
• − Management: −$16,086
• − Depreciation: −$34,327
• Taxable income: $44,875
• Est. tax owed @ 24.0%: −$10,770
• After-tax cash flow: $50,220/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.

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

Amenities A+ Commute A+ Cost of living F Crime F Employment B Housing B- Health & safety C- User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Los Angeles, CA
• County: Los Angeles County · 9,444,647 people
• City population: 3,838,149
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 46,457
• Household income: $73,516
• Rent vs Own: 65.1% rent · 34.9% own
• Severe rent burden: 3450.0

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: ▲ 1.12%
• Metro: Los Angeles-Long Beach-Anaheim, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

-15.7% since first listed

9 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%/yr

Latest (2025): $2,161 · +4.5% YoY. Source: county tax records.