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Cocoon 20 13919 S Normandie Ave 21 Unit Apartment Building $5,999,000 ($285,667/Unit) 6.13% Cap Rate Gardena, CA 90249
Investment Highlights
- 2024 Construction – Turnkey Studio Apartment Community
- Efficient Expense Structure Including RUBS Utility Recovery
- Strong In-Place Income with Stabilized Operations
- Excellent South Bay Location with Long-Term Rental Demand
Executive Summary
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.
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.
Property Facts
| Price | $5,999,000 | Apartment Style | Low-Rise |
| Price Per Unit | $285,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 6.13% | Building Size | 14,409 SF |
| Gross Rent Multiplier | 11.08 | No. Stories | 3 |
| No. Units | 21 | Year Built | 2024 |
| Property Type | Multifamily | Parking Ratio | 1.46/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | GA - restricted Density Multiple Dwelling | ||
| Price | $5,999,000 |
| Price Per Unit | $285,667 |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| Gross Rent Multiplier | 11.08 |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 14,409 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | GA - restricted Density Multiple Dwelling |
Amenities
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 | 21 | - | 385 - 547 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6102-018-017 | Improvements Assessment | $0 |
| Land Assessment | $434,075 | Total Assessment | $434,075 |
Property Taxes
Parcel Number
6102-018-017
Land Assessment
$434,075
Improvements Assessment
$0
Total Assessment
$434,075
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Cocoon 20 | 13919 S Normandie Ave