Well, you probably could afford to buy a house if you wanted to get one there. I just checked South Central zip code 90001 on realtor.com and the cheapest thing that I could identify as a two bedroom single-family listing is around $150k.
I don't know if you'd really want it, but it is there.
D
LOL! I didn't mean in South Central. Back around 1991-92, with the Northridge earthquake and the riots, property values plunged all around the L.A. area. These days, in any area even remotely worth living in, property values are ridiculously high.