🏷️ Likely Rental
2327 S Budlong Ave · Los Angeles, CA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- 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 90°F)
- 7 days/yr
- Hot days in 30 yrs
- 22 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 5/10 · Moderate
- Unhealthy air days now
- 7 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 +30.0/30.0
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Rent growth +4.0/5.0
- Condition / age +3.8/5.0
- Livability +3.4/5.0
- Schools +2.5/10.0
- Appreciation +0.0/10.0
$1,850,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 16 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
RENTAL INCOME: $187,968.00 per year / $15,664.00 per month. Excellent opportunity to acquire a 16-unit apartment building in the West Adams district of Los Angeles by USC at a $115,625.00 cost per unit and $229.47 cost per square foot. This 8,062 sq. ft. building resides on a 6,801 sq. ft. corner lot which consists of 16 very large studios each with their own separate kitchen area. The property is located one block south of the 10 Freeway on an excellent and quiet stretch of Budlong Ave. at 24th St. and surrounded by single family homes and smaller apartment buildings. The property retains an excellent on-site manager making this a low maintenance asset for savvy investors. The building is well maintained and all units are individually metered for gas and electric with onsite laundry that brings in approximately $425.00 of additional monthly income. This "bread and butter" building has tremendous upside potential and is perfect for the investor looking to add more units in a great area to their portfolio and an excellent opportunity for a 1031 exchange buyer. Potential future student housing. Positioned in the northwest area of the 90007 zip code, 1.8 miles from USC, 2.5 miles from The Crypto.com Arena. CURRENT CAP RATE 6.04 % / CURRENT GRM 9.8 PRO FORMA CAP RATE 11.49 % / PRO FORMA GRM 6.
Key facts
- Onsite laundry
- Individually metered
- On site manager
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 16 × 1-bed/1-bath units multifamily listed at $1.85M. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $12k ($138k/yr) — positive. Per door: $719/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($30k rent vs $1.85M).
- Recommended offer: $1.63M (12.0% below list) — sets the bar for market timing.
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: Vermont Avenue Elementary (361 students, 96% FRL); West Adams Preparatory High (math 12% / reading 37%, grade F, #826 of 1,170 statewide, top 80%, 1,080 students, 98% FRL) — zoned schools average 97% FRL vs 67% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Zoned-school proficiency averages 24% at this address vs 42% district-wide (-17 pts) — the specific schools serving this property underperform the Los Angeles Unified average; the district grade overstates school quality for this exact location.
- Market conditions: Rents rising fast (+5.9%/yr); 106 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 43d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 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 $13k of loan paydown is wiped out by about $56k 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 + 5.9% rent growth), your $518k cash investment doubles in ~5 years — after that, you're playing with house money.
Negotiation context
- It's been on market 170 days — a 12% lower offer ($1.63M) is reasonable based on typical stale-listing flexibility.
- 12 sale attempts since 22y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $1.27M; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: built in 1911 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: extreme-heat days projected 7→22/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 170 days. Have you received any prior offers? Is the seller open to a 12% 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 1911 — 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
- 1.64% ✓
- Cap rate
- 13.75%
- Cash-on-cash
- 26.64%
- DSCR
- 2.19
- GRM
- 5.1
CMA / ARV
- ARV (median comp)
- $2,586,853
- List price
- $1,850,000
- Delta
- -28.48%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 10 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 1208 W 25th St | 0.58mi | 24/14.0 | 7,934 (-2%) | 8mo | $3,200,000 | $403 | 56 |
| 2717 S Budlong Ave | 0.30mi | 14/8.0 | 7,318 (-9%) | 14mo | $1,295,000 | $177 | 39 |
| 1239 W 30th St | 0.62mi | 12/18.0 | 6,840 (-15%) | 3mo | $3,230,000 | $472 | 36 |
| 1116 S Mariposa Ave | 1.09mi | 16/19.0 | 7,538 (-6%) | 13mo | $3,220,000 | $427 | 32 |
| 2659 S Catalina St | 0.29mi | —/110.0 | 6,464 (-20%) | 12mo | $1,500,000 | $232 | 31 |
| 3415 S Normandie Ave | 0.71mi | 13/13.0 | 7,227 (-10%) | 19mo | $2,175,000 | $301 | 22 |
| 1204 S Ardmore Ave | 1.01mi | 14/8.0 | 7,340 (-9%) | 14mo | $1,250,000 | $170 | 19 |
| 2460 W 18th St | 1.08mi | 8/8.0 | 9,568 (+19%) | 8mo | $1,500,000 | $157 | 13 |
| 1158 W 37th St | 0.99mi | 19/19.0 | 6,500 (-19%) | 21mo | $3,700,000 | $569 | 11 |
| 1557 W 36th Pl | 0.98mi | 19/8.0 | 6,478 (-20%) | 19mo | $1,950,000 | $301 | 4 |
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 · 5.88% rent growth · sell at horizon
- IRR
- 23.7%
- Equity multiple
- 2.01×
- Total profit
- $523,673
- Equity at exit
- $275,841
- IRR
- 33.4%
- Equity multiple
- 4.47×
- Total profit
- $1,795,141
- Equity at exit
- $159,954
Cash invested: $518,000 (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
- 18 active · 2 under contract
- Months of supply
- 108.0 mo (1%/mo absorbed)
- Median asking
- $2,897,500 ($425/sqft)
- Median days on market
- 83 d
- This list price
- 22% of active listings are priced below it
- ARV vs active asking
- -24.6% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 90007
- Home prices YoY
- -32.8%
- Rents YoY
- 5.9%
- Active inventory
- 106
- Price-to-rent
- 81.1×
Monthly cashflow live
- Estimated rent
- $30,414 high interval (Pro) →
- Mortgage (P&I)
- −$9,702
- Tax from tax record
- −$2,054 /mo · $24,648/yr
- Insurance
- −$771
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$6,387
- Net cashflow
- $11,501
16-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 16× units | 1 | 1 | $30,416 |
| #1 | 1 | 1 | $1,901 |
| #2 | 1 | 1 | $1,901 |
| #3 | 1 | 1 | $1,901 |
| #4 | 1 | 1 | $1,901 |
| #5 | 1 | 1 | $1,901 |
| #6 | 1 | 1 | $1,901 |
| #7 | 1 | 1 | $1,901 |
| #8 | 1 | 1 | $1,901 |
| #9 | 1 | 1 | $1,901 |
| #10 | 1 | 1 | $1,901 |
| #11 | 1 | 1 | $1,901 |
| #12 | 1 | 1 | $1,901 |
| #13 | 1 | 1 | $1,901 |
| #14 | 1 | 1 | $1,901 |
| #15 | 1 | 1 | $1,901 |
| #16 | 1 | 1 | $1,901 |
| Total (16 units) | $30,414 | ||
Break-even live
Sensitivity live
| Price | -10% $12,548 | -5% $12,024 | +0% $11,501 | +5% $10,977 | +10% $10,453 |
|---|---|---|---|---|---|
| Rent | -10% $9,098 | -5% $10,299 | +0% $11,501 | +5% $12,702 | +10% $13,903 |
| Rate | -1.0pp $12,432 | -0.5pp $11,971 | base $11,501 | +0.5pp $11,021 | +1.0pp $10,534 |
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
- $462,500
- Closing costs
- $55,500
- 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 |
|---|---|---|---|---|---|---|---|---|
| 2417 S Budlong Ave Unit 1 Los Angeles, CA | 1.0 | 1.0 | — | $1,000 | — | 73d | 1 | 0.07mi |
| 1628 W 24th St Los Angeles, CA | 1.0 | 1.0 | — | $1,300 | — | 12d | 1 | 0.09mi |
| 1726 W 22nd St Los Angeles, CA | 1.0 | 1.0 | 250 | $1,200 | $4.80 | 48d | 1 | 0.11mi |
| 2201 Juliet St Unit D Los Angeles, CA | 2.0 | 2.0 | 800 | $2,750 | $3.44 | 73d | 1 | 0.11mi |
| 2201 Juliet St Unit C Los Angeles, CA | — | 1.0 | 400 | $1,850 | $4.62 | 73d | 1 | 0.11mi |
| 2431 S Catalina St Los Angeles, CA | 1.0 | 1.0 | 900 | $1,850 | $2.06 | 51d | 1 | 0.16mi |
| 2431 S Catalina St Los Angeles, CA | 1.0 | 1.0 | 900 | $1,850 | $2.06 | 73d | 1 | 0.16mi |
| 1641 W Adams Blvd Los Angeles, CA | 1.0 | 1.0 | — | $1,895 | — | 57d | 1 | 0.18mi |
| 2458 Normandie Ave Unit 3 Los Angeles, CA | 2.0 | 1.0 | 840 | $2,250 | $2.68 | 42d | 1 | 0.19mi |
| 2458 Normandie Ave Unit 2 Los Angeles, CA | 2.0 | 1.0 | 840 | $2,250 | $2.68 | 57d | 1 | 0.19mi |
| 1501 W Adams Blvd Los Angeles, CA | 1.0 | 1.0 | — | $1,825 | — | 9d | 1 | 0.20mi |
| 2624 S Budlong Ave Los Angeles, CA | 1.0 | 1.0 | — | $775 | — | 4d | 1 | 0.22mi |
| 2612 Juliet St Los Angeles, CA | 2.0 | 1.0 | — | $2,390 | — | 93d | 1 | 0.22mi |
| 2629 S Budlong Ave Los Angeles, CA | 1.0 | 1.0 | 626 | $1,955 | $3.12 | 93d | 1 | 0.22mi |
| 1475 W Adams Blvd Los Angeles, CA | — | 1.0 | 550 | $1,250 | $2.27 | 36d | 1 | 0.23mi |
| 1475 W Adams Blvd Los Angeles, CA | — | 1.0 | 500 | $1,250 | $2.50 | 13d | 1 | 0.23mi |
| 1545 W 23rd St Los Angeles, CA | 2.0 | 1.0 | 775 | $2,250 | $2.90 | 1d | 1 | 0.23mi |
| 1688 W Adams Blvd Los Angeles, CA | 1.0 | 1.0 | 1020 | $1,650 | $1.62 | 7d | 1 | 0.24mi |
| 2600 S Catalina St Los Angeles, CA | 3.0 | 1.0–2.0 | 738 | $2,198 | $2.98 | 7d | 3 | 0.25mi |
| 2632 Kenwood Ave Los Angeles, CA | 1.0 | 3.0 | 100 | $650 | $6.50 | 73d | 1 | 0.25mi |
| 1425 W 24th St Los Angeles, CA | 2.0 | 2.0 | — | $2,495 | — | 93d | 1 | 0.27mi |
| 1414 W 25th St Los Angeles, CA | 2.0 | 1.0 | 1009 | $2,100 | $2.08 | 48d | 1 | 0.29mi |
| 1864 Cordova St Los Angeles, CA | — | 1.0 | 142 | $1,188 | $8.37 | 0d | 1 | 0.30mi |
| 2622 Brighton Ave Apt 5 Los Angeles, CA | — | 1.0 | 300 | $1,295 | $4.32 | 23d | 1 | 0.31mi |
| 2622 Brighton Ave Unit 2622-05 Los Angeles, CA | — | 1.0 | 300 | $1,295 | $4.32 | 73d | 1 | 0.31mi |
| 2622 Brighton Ave Unit 2622-12 1/2 Los Angeles, CA | — | 1.0 | 325 | $1,295 | $3.98 | 93d | 1 | 0.31mi |
| 2622 Brighton Ave Unit 2622-04 Los Angeles, CA | — | 1.0 | 250 | $1,150 | $4.60 | 42d | 1 | 0.31mi |
| 2622 Brighton Ave Apt 5 Los Angeles, CA | 1.0 | 1.0 | 300 | $1,295 | $4.32 | 21d | 1 | 0.31mi |
| 2622 Brighton Ave Apt 4 Los Angeles, CA | — | 1.0 | 250 | $1,150 | $4.60 | 23d | 1 | 0.31mi |
| 2622 Brighton Ave Apt 4 Los Angeles, CA | 1.0 | 1.0 | 250 | $1,150 | $4.60 | 21d | 1 | 0.31mi |
| 2622 Brighton Ave Unit 2622-08 Los Angeles, CA | — | 1.0 | 335 | $1,295 | $3.87 | 48d | 1 | 0.31mi |
| 1746 W Adams Blvd Los Angeles, CA | — | 1.0 | 2200 | $4,995 | $2.27 | 93d | 1 | 0.32mi |
| 1925 W 20th St Unit 104 Los Angeles, CA | — | 1.0 | 500 | $1,345 | $2.69 | 93d | 1 | 0.33mi |
| 2730 Raymond Ave Unit 09 Los Angeles, CA | 1.0 | 1.0 | 700 | $2,195 | $3.14 | 42d | 1 | 0.35mi |
| 2730 Raymond Ave Unit 09 Los Angeles, CA | 1.0 | 1.0 | 700 | $1,895 | $2.71 | 12d | 1 | 0.35mi |
| 2730 Raymond Ave Unit 09 Los Angeles, CA | 1.0 | 1.0 | 700 | $1,895 | $2.71 | 8d | 1 | 0.35mi |
| 2730 Raymond Ave Unit 09 Los Angeles, CA | 1.0 | 1.0 | 700 | $2,195 | $3.14 | 73d | 1 | 0.35mi |
| 2730 Raymond Ave Los Angeles, CA | 1.0 | 1.0 | 700 | $1,895 | $2.71 | 31d | 1 | 0.35mi |
| 2730 Raymond Ave Unit I Los Angeles, CA | 1.0 | 1.0 | 700 | $1,895 | $2.71 | 33d | 1 | 0.35mi |
| 2627 Brighton Ave Los Angeles, CA | 1.0 | 1.0 | — | $1,500 | — | 23d | 1 | 0.36mi |
Listing history 50 events
-
2026-08-08days on market $1,850,000 Active 170 DOM
-
2026-08-06days on market $1,850,000 Active 168 DOM
-
2026-08-05days on market $1,850,000 Active 167 DOM
-
2026-08-04days on market $1,850,000 Active 166 DOM
-
2026-08-03days on market $1,850,000 Active 165 DOM
-
2026-07-31days on market $1,850,000 Active 162 DOM
-
2026-07-30days on market $1,850,000 Active 161 DOM
-
2026-07-30days on market $1,850,000 Active 160 DOM
-
2026-07-28days on market $1,850,000 Active 159 DOM
-
2026-07-26days on market $1,850,000 Active 157 DOM
-
2026-07-24days on market $1,850,000 Active 155 DOM
-
2026-07-23days on market $1,850,000 Active 154 DOM
-
2026-07-22days on market $1,850,000 Active 153 DOM
-
2026-07-21days on market $1,850,000 Active 152 DOM
-
2026-07-20days on market $1,850,000 Active 151 DOM
-
2026-07-18days on market $1,850,000 Active 149 DOM
-
2026-07-18days on market $1,850,000 Active 148 DOM
-
2026-07-16days on market $1,850,000 Active 147 DOM
-
2026-07-15days on market $1,850,000 Active 146 DOM
-
2026-07-14days on market $1,850,000 Active 145 DOM
-
2026-07-13days on market $1,850,000 Active 144 DOM
-
2026-07-13days on market $1,850,000 Active 143 DOM
-
2026-07-11days on market $1,850,000 Active 142 DOM
-
2026-07-10days on market $1,850,000 Active 141 DOM
-
2026-07-09days on market $1,850,000 Active 140 DOM
-
2026-07-07days on market $1,850,000 Active 138 DOM
-
2026-07-06days on market $1,850,000 Active 137 DOM
-
2026-07-06days on market $1,850,000 Active 136 DOM
-
2026-07-05days on market $1,850,000 Active 135 DOM
-
2026-07-03days on market $1,850,000 Active 134 DOM
-
2026-07-02days on market $1,850,000 Active 133 DOM
-
2026-07-01days on market $1,850,000 Active 132 DOM
-
2026-06-30days on market $1,850,000 Active 131 DOM
-
2026-06-29days on market $1,850,000 Active 130 DOM
-
2026-06-28days on market $1,850,000 Active 129 DOM
-
2026-06-27days on market $1,850,000 Active 128 DOM
-
2026-06-26days on market $1,850,000 Active 127 DOM
-
2026-06-24days on market $1,850,000 Active 125 DOM
-
2026-06-22days on market $1,850,000 Active 123 DOM
-
2026-06-21days on market $1,850,000 Active 122 DOM
-
2026-06-18days on market $1,850,000 Active 119 DOM
-
2026-06-17days on market $1,850,000 Active 118 DOM
-
2026-06-16days on market $1,850,000 Active 117 DOM
-
2026-06-15days on market $1,850,000 Active 116 DOM
-
2026-06-13days on market $1,850,000 Active 114 DOM
-
2026-06-09days on market $1,850,000 Active 110 DOM
-
2026-06-08days on market $1,850,000 Active 109 DOM
-
2026-06-07days on market $1,850,000 Active 108 DOM
-
2026-06-04days on market $1,850,000 Active 105 DOM
-
2026-06-03days on market $1,850,000 Active 104 DOM
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast CA · Resets to sale price
- Current annual tax
- $24,648 · $2,054/mo
- Projected year-2 tax
- $24,648 · $2,054/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 6/10 Major 7 d/yr ≥90°F today · 22 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 5/10 Major 7 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
- $364,968
- − Mortgage interest
- −$103,629
- − Property taxes
- −$24,648
- − Insurance
- −$9,250
- − Repairs & maintenance
- −$29,197
- − Management
- −$29,197
- − Depreciation
- −$53,818
- Taxable income
- $115,229
- Est. tax owed @ 24.0%
- −$27,655
- After-tax cash flow
- $110,353/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 · 10 photos
This multi-family property is in good condition with no major repairs needed. It has a good roof, exterior, and interior condition. The property is located in a desirable area with easy access to downtown Los Angeles and the 10 Freeway. The property has a good rental income and is low maintenance with an on-site manager.
Components & finishes AI
Deferred maintenance Est. $10,000–$30,000 screening
- Major Roof (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — No visible signs of wear or damage on the roof.
Value-add opportunities
- Both Paint the exterior walls and siding — Painting the exterior walls and siding can improve the curb appeal and increase the property's resale and rental value. ↑
- Both Upgrade the HVAC and mechanical systems — Upgrading the HVAC and mechanical systems can improve the comfort and energy efficiency of the property, which can increase its resale and rental 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)
- 38,715
- Household income
- $35,378
- Rent vs Own
- Severe rent burden
- 14% 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 0.66)
- Race & ethnicity
- Hispanic / Latino 53% Asian 18% White 17% Two or more races 14% Black 8% Native American 1%
- Hispanic origin (detail)
- Mexican 29%
- Common ancestry
- Romanian 1% Scotch-Irish 1% Iranian 1%
- Foreign-born
- 41% · Canada, China, South Korea
- Languages at home
- 37% English-only · Spanish 45% Chinese 7% Other Indo-European 5%
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
- ▼ -225.40%
- Current HPI
- 460.9539
- Rent YoY
- ▲ 5.88%
- 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
+335.3% since first listed27 events — show timeline
- 2026-02-19 Listed $1,850,000 TheMLS
- 2025-11-12 Relisted — TheMLS
- 2025-02-11 Listed — TheMLS
- 2024-08-05 Price Changed — TheMLS
- 2024-03-16 Listed — TheMLS
- 2022-07-18 Relisted — TheMLS
- 2022-06-07 Contingent — TheMLS
- 2021-09-19 Listed — TheMLS
- 2019-02-06 Listing Removed — SDMLS
- 2019-02-06 Delisted — TheMLS
- 2018-10-16 Listed $2,600,000 SDMLS
- 2018-10-16 Listed — TheMLS
- 2014-01-07 Sold (Public Records) $1,267,000 Public Records
- 2014-01-07 Sold (MLS) $1,267,000 TheMLS
- 2013-10-10 Pending — TheMLS
- 2013-08-16 Listed $1,370,000 TheMLS
- 2012-03-05 Sold (MLS) $925,000 TheMLS
- 2012-02-29 Sold (Public Records) $226,000 Public Records
- 2012-01-16 Pending — TheMLS
- 2011-12-09 Listed $979,000 TheMLS
- 2005-02-15 Sold (Public Records) $850,000 Public Records
- 2004-04-15 Listing Removed — SDMLS
- 2004-01-29 Delisted — TheMLS
- 2004-01-15 Listed $795,000 SDMLS
- 2004-01-15 Listed — TheMLS
- 2003-07-17 Sold (Public Records) $550,000 Public Records
- 2001-11-16 Sold (Public Records) $425,000 Public Records
Property tax history
+4.6%/yrLatest (2025): $24,648 · +25.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…