It is probably too early for the price drops. No one knows how much of a crisis this will end up being, so any price moves are likely to be slow. Most owners can sit out a season of no rents, and a few who cannot may get some mortgage relief or bailout to help them swim for a while. Not idea on how seasonal LA real estate market is, but if things are looking dim in late summer / fall you might find some bargains then. My 2c.