Value-Add 23-Unit Multifamily Investment in South LA Investor Opportunity: Unlock Major Upside in a Rapidly Improving Submarket Now available: 11204 S. Broadway, a 23-unit multifamily asset located in the heart of South Los Angeles — just minutes from the 110 Freeway and key redevelopment zones. This 17,516 SF building sits on a generous 15,702SF lot with gated access and on-site parking. The current rents are significantly below market, presenting investors with approximately 30% upside potential through strategic renovations and leasing. Seller is leaving 3 Units vacant so that the new ownership can touch them up and rent for a higher NOI/GOI. GRM is 11.5, including the 3 vacancies. Without the vacancies the GRM would be 9.2 20% Value Add GRM is estimated at 7.67