19 unit value add opportunity on S. Figueroa St. in South LA. 18 Studios and one 1 Bd/1 Ba unit. 10 of the 19 units to be delivered vacant. Ability to double the income by leasing the vacant units and bringing rents to market. Proforma 10.37 GRM and 5.97% cap rate on market rents. Ample parking, with the ability to charge additional rent for parking spaces due to lack of parking in the area. 3 of the 15 parking spaces are currently being rented for $25/month but can go as much as $40/month. Located in a gentrifying pocket of South Los Angeles, easy access to the new Rams stadium and resurgent Downtown Los Angeles. The property is currently in REAP, but the required work has already been completed by the existing owner. Seller is highly motivated. Numbers page, appraisal and offering memorandum are included as supplements to this listing. Sitting just an 8-minute drive to the Los Angeles Memorial Coliseum, Exposition Park and the new Los Angeles Football Club – Banc of California Stadium, local economies are booming. This pocket of Los Angeles is now garnering attention from investors all over the world who see South Los Angeles as the next frontier of Commercial Real Estate in Los Angeles.