Thats precisely the area I'm referring to as well.

I know its not the exact answer you want but its a question that won't have a precise response.  

Could be a seller assist, or they precisely get the repairs completed.Start there and work your way down.

Analytics - even though we went WAY over budget and help on to the property 3 times as long as planned, we were able to still make money due to precise budgeting.

With an average sales price of about $550,000, that means that they're within $110,000 of the actual value - EXCEPT for the 20.7% of the time when their error is MORE than $110,000.The one reliable way to determine value is to run precise comps.That means looking at sold homes that are very similar in style, beds, baths, sq ft of living area, acres, basement, garage, septic, year built, condition and upgrades. 

Question is, living in Southern California (Long Beach to be precise), I'm having a hard time finding a fourplex what would even break even with a 10% down payment, let alone with at 3.5% down payment... numbers just don't add up. 

The difference is that I (like many others) am mostly a "vacation rental" homeowner or more precisely a "entire unit short term rental" (since I have urban unit too) and not "a cheap room". 

Using high-resolution maps of the entire country (vs. the 60% utilized by FEMA), a greater focus on the potential flooding of rivers and streams, and more precise estimates of actual dwellings, this study predicts more than 60 million Americans may be vulnerable to a 100-year flood by 2050.But I am not responding to your inquiry simply to just educate around flood insurance, I do happen to have a fair amount of experience in the insuring of these types of policies, what will happen if the HOA doesn't have a master residential flood insurance policy usually referred to as an RCBAP is lenders will not be able to offer a loan to any potential buyer.

@Beverly Daves There are already sites that work under precisely the model you're proposing.  

Precisely what i did when I first started looking up there... eventually ended up in Midtown by Broadway.