Current stats from [https://covid-19.direct/county/CA/Los%20Angeles]: Confirmed cases: 12,349 Deaths: 601 Population: 4M Implied fatality rate: 4.87%
If this study is correct (~4.2% prevalence): Cases: 167,580 Deaths: 601 Implied fatality rate: 0.36%
There is massive difference between the appropriate response to an illness with a 5% fatality rate and an illness with a 0.36% fatality rate.