Chatsworth, Ca Cash Flow Rental residential

[Justin DeSantis]

I have a Seller in Chatsworth, Ca that wants to sell for $700,000. I know typically we go by the 2% rule for cash flow but Southern California can't use this rule right? $14k monthly seems a little obnoxious even in So Cal. Does anyone have any insight into how much I can pay for this deal and still cash flow.

Ps. I have heard of people charging about 1k per room here in So Cal....

Any help would be much appreciated.