Los Angeles, CA Real Estate Market

Sellers in 90046 are well positioned at the upper end of the market, with 4-bedroom homes selling at a median of $2,999,000 and 5-bedroom homes at $3,499,000, reflecting strong demand for larger properties. The gap between the median list price of $1,690,000 and the median sale price of $2,550,000 suggests that strategic pricing can generate competitive buyer interest and push final sale prices significantly higher.

Buyers in 90046 should be prepared for sale prices that run well above list price, as the median sale price of $2,550,000 considerably exceeds the median list price of $1,690,000. More accessible entry points do exist within the zip code, with studios at a median of $349,999 and 1-bedroom homes at $499,999, offering lower-cost options within this otherwise premium market.

The rental market in 90046 offers meaningful depth with 639 rental units available and a median rent of $2,700, with rents ranging from $1,950 for studios up to $8,499 for 4-bedroom units. At a median price per square foot of $998.85 and acquisition costs starting at $349,999 for studios, investors should carefully model cash flow as high purchase prices relative to rents may compress yields significantly.

The current 30-year mortgage rate of 6.37% and 15-year rate of 5.72% add substantial carrying costs on top of already elevated purchase prices in 90046. On a median sale price of $2,550,000, even a modest difference between loan products can translate to thousands of dollars per month, making rate shopping and financing strategy especially critical in this market.