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Cocoon 20 13919 S Normandie Ave

21 Unit Apartment Building $9,762,526 CAD ($464,882 CAD/Unit) 5.63% Cap Rate Gardena, CA 90249

Investment Highlights

  • New Construction built in 2024.
  • Brings affordable, community-focused housing to the urban area of Gardena.
  • Possibility to add an ADU unit.
  • Modern, sleek design.

Executive Summary

See setup sheets -There are several options for financing.
Built in 2024, Apartments 20 meets the rising demand for affordable, community-focused housing in the urban area of Gardena. As rental costs soar and space becomes scarce, innovative living solutions are crucial. This project caters to residents who seek budget-friendly, well-designed housing that fosters social interaction. The property features units that are all studios and are compact, well designed, 385 rentable square foot modern units with shared amenities, Apartments 20 addresses both the financial and social needs of urban living. This combination makes it a compelling investment opportunity in today's market.
These light-filled apartments are designed with modern living in mind. They feature in-unit washers and dryers, full-size stainless steel appliances, Italian-style cabinets, and quartz countertops. Enjoy the comfort of central air conditioning and heating, along with durable vinyl wood flooring. The apartments offer great closet space and are part of a community that provides convenient amenities, including a dog run, barbecue area, controlled access, reserved parking, an elevator, and a rooftop lounge for relaxation and entertainment. Property is currently vacant and will be ready for occupancy within 45 days.

Data Room Click Here to Access

Property Facts

Price $9,762,526 CAD
Price Per Unit $464,882 CAD
Sale Type Investment
Cap Rate 5.63%
Sale Conditions 1031 Exchange
No. Units 21
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class B
Lot Size 0.35 AC
Construction Status Under Construction
Building Size 10,410 SF
No. Stories 3
Year Built 2024
Parking Ratio 2.02/1,000 SF

Unit Amenities

  • Air Conditioning
  • Microwave
  • Heating
  • Refrigerator
  • Tub/Shower

Site Amenities

  • Controlled Access
  • Fenced Lot
  • Property Manager on Site
  • Gated
  • Grill
  • Pet Play Area
  • Bicycle Storage
  • Car Charging Station
  • Community-Wide WiFi
  • Elevator
  • Pet Washing Station

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 20 - -
Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6102-018-017
Land Assessment
$598,513 CAD
Improvements Assessment
$0 CAD
Total Assessment
$598,513 CAD

zoning

Zoning Code GA
GA
  • Listing ID: 33129845

  • Date on Market: 2024-09-10

  • Last Updated:

  • Address: 13919 S Normandie Ave, Gardena, CA 90249

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