I met a vet at the VA hospital a few weeks ago who told me he works in Boise but lives in Mountain Home because that’s the closest he could afford (didn’t get into his personal situation, so don’t know his finances, but it appears at least like I’m encountering more and more people getting ‘tapped out’).

It's largely a junk science (shouldn't even be called a science) and the closest thing we have to modern-day astrology.

Great location (closest condo to Pier Park), 2 buildings ON the sand, and one building across the street (completed in 2021, so brand new!).

We have watched as Irwin street has been doing something similar when we have been driving to Rathbun Steak (mmmm!).  

Flower bed from that first window closest to the garage all the way around to steps on either side.

With Cork town being one of the closest hoods to downtown that is not bombed out it will be worth a shot.

Mid century modern architecturally designed two storys, offices, full service detail, oil changes and even a chef inside making steak sandwiches.

(I don't rehabs, and I've only done a few wholesale flips in my life) What You have to understand is I'm a student of creating paper... and my business is owning notes and finance and creating them at severe discounts.... and getting them to cash out....Read the book by Wade Cook, the Real Estate Money Machine... that's the closest thing to what I do....

I believe that the closest way for you to even get a decent cap rate or cashflow in LA is either finding off-market MFR's or buying SFR'r and adding sq ft like @Nick Marrs mentioned.

To find an accurate measure you really need to spend some time in the area, see who is walking down the street, see what they ask you when they approach you, fill up your car at the gas station down the street, buy a six pack of beer at the closest liquor store, ask the mailman what his experience on this street is compared to other streets he’s worked etc.