13919 S Normandie Ave - Apartments FOR SALE


Gardena, CA 90249
$5,999,000 USD
310-892-2244
13919 S Normandie Ave, Gardena, CA for Sale
$5,999,000 USD
Apartments - FOR SALE
1/16
null | 6.13% Cap Rate

13919 S Normandie Ave
Gardena, CA 90249


HIGHLIGHTS

  • 2024 Construction – Turnkey Studio Apartment Community
  • Strong In-Place Income with Stabilized Operations
  • Efficient Expense Structure Including RUBS Utility Recovery
  • Excellent South Bay Location with Long-Term Rental Demand

OVERVIEW

21-Unit Studio Apartment Community Thank you for your interest in Cocoon 20, a modern 21-unit studio apartment community located in Gardena, California. Built in 2024, Cocoon 20 is a recently stabilized apartment community offering investors a turnkey opportunity with strong in-place cash flow, modern construction, and professionally managed operations. Following a successful operational transition, the property is fully occupied and operating at market rents with no ongoing leasing concessions. Investment Highlights 21 Studio Apartment Units Built in 2024 Great Occupancy Gross Scheduled Income: $541,500 RUBS Reimbursement Income: $25,474 Gross Operating Income: $545,314 Net Operating Income: $367,512 (6.13% Cap Rate) Estimated Operating Expenses: 31.4% of Gross Operating Income Current DSCR: 1.30x Professionally Managed Separately Metered Electricity with RUBS Utility Reimbursement Program Cocoon 20 offers investors the opportunity to acquire a stabilized, newer-construction apartment community with durable in-place income and future rental growth potential in the South Bay submarket of Los Angeles County. Please review the Offering Memorandum and contact us for the complete rent roll, operating statements, pro forma, and property specifications.

FOR SALE DETAILS

PRICE

$5,999,000 USD

PRICE/SF

$416 USD /SF

# OF UNITS

21

PRICE/UNIT

$285,667

CAP RATE

6.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cocoon 20

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

GA

APN/PARCEL ID

6102-018-017

ASK ABOUT THIS PROPERTY

Lee JohnsonWest Realty GroupMore Info
310-892-2244

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Lee JohnsonWest Realty GroupMore Info
310-892-2244

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.