Los Angeles, CA Real Estate Market

With 370 active listings and a median of 43 days on market, sellers are operating in a warm but not frenzied environment, so competitive pricing from the start will matter. The $965.79 per square foot median gives sellers a useful benchmark when positioning their listing relative to others in the area.

Buyers in the 90046 market will find a range of asking prices across bedroom counts, from $499,000 for a one-bedroom to $3,995,000 for a five-bedroom, giving some flexibility depending on budget and needs. With 43 median days on market and a competition score of 62, there is moderate time to evaluate options without the pressure of an extremely fast-moving market.

The gap between purchase prices and rental income is wide in this market, where a two-bedroom home is listed at $999,000 while median two-bedroom rent is $3,700 per month. Investors should carefully model cash flow at current mortgage rates before committing, as the rent-to-price ratio at this price point will require a substantial down payment to approach positive returns.

The 30-year fixed mortgage rate of 6.66% and the 15-year rate of 5.98% continue to add significant carrying costs to already high asking prices in this market. On a $2,649,000 asking price with a conventional down payment, monthly principal and interest at 6.66% would represent a substantial financial commitment that buyers should model carefully with a lender.