19 unit major value add opportunity in South Los Angeles. 18 studios and one 1 Bd/1 Ba unit. 11 of the 19 units are currently vacant, which allows the new owner to come in and immediately lease the units at market rents. 6.83% cap rate on the proforma rents. Located in gentrifying South Los Angeles, easily accessible to the new Rams Stadium and the resurgent Downtown LA. Seller just replaced the roof and has recently renovated most units. This is the perfect property for most government subsidy programs. Priced below market price/unit, at $131,579/unit. Ample parking, with the ability to charge additional rent for parking spaces due to the lack of parking in the area. Offering Memorandum included as a supplement to this listing.
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