Real Estate Investing in Los Angeles, California (90023)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 90023 (Los Angeles, CA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 25.2 — hard to cash-flow at these prices.
What’s happening in Los Angeles, CA (90023)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 90023 Los Angeles
This part of Los Angeles County is not an easy win. The 90023 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 90023 can be a worth a close look for hunting ground — but the discount at $642K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 90023 among CA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 90023 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 90023 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Los Angeles:
Property Strategy for 90023
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $510,254 | $1,630 | 2.3% | +4.7% | $510,254 |
| 2BR | $593,759 | $2,070 | 2.5% | +4.8% | $296,880 |
| 3BR | $654,332 | $2,650 | 2.9% | +4.6% | $218,111 |
| 4BR | $709,448 | $2,920 | 3.0% | +4.6% | $177,362 |
| 5BR | $778,712 | — | — | +3.5% | $155,742 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 90023 Compare?
| Metric | 90023 | Los Angeles | Los Angeles-Long Beach-Anaheim, CA | California |
|---|---|---|---|---|
| Home Value | $642,381 | $1,025,392 | N/A | $761,003 |
| 5-Year CAGR | 2.9% | 2.1% | N/A | 5.7% |
| Avg Rent | $2,121 | $3,041 | N/A | - |
| Cap Rate | 2.6% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 90023 (Los Angeles, CA). Anonymous, moderated, never written by AI.
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Property managers serving Los Angeles County
Manage rentals here? List your business →A Better Property Management Company Inc. provides property management services in Long Beach, Seal Beach, and Southern California. summary from their website
ACF Property Management leases shopping center spaces nationwide, managing over 37 shopping centers in 11 states from California to Florida. summary from their website
summary from their website summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $642,381 |
| Monthly Rent | $2,121 |
| Price-to-Rent | 25.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 90023
Population: 44,608
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 90023
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 22,455 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Los Angeles, CA for real estate investors?
Los Angeles, CA clocks in at an investability rating of 3.0/5, with median home values near $642K and average rents around $2,121/mo. That combination puts it in the robust tier for investor interest.
Which real estate strategy fits Los Angeles, CA?
In Los Angeles, CA the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $642K prices and $2,121/mo rents suits that approach.
Are tenants stable in Los Angeles, CA?
The renter base in Los Angeles, CA is reasonable for the $2,121/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
Are eviction rules reasonable in Los Angeles, CA?
Landlord-friendliness in Los Angeles, CA is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How much do tenants pay in Los Angeles, CA?
Average rent in Los Angeles, CA is approximately $2,121/mo per month. Against $642K home values that yields a reasonable rent-to-price ratio.
You know 90023 now. You don’t know where it ranks.
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How 90023 ranks in Los Angeles-Long Beach-Anaheim, CA
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