13919 S Normandie Ave - Apartments FOR SALE


Gardena, CA 90249
$6,999,000 USD
310-892-2244
13919 S Normandie Ave, Gardena, CA for Sale
$6,999,000 USD
Apartments - FOR SALE
1/22
null | 5.47% Cap Rate

13919 S Normandie Ave
Gardena, CA 90249


HIGHLIGHTS

  • New Construction built in 2024 w/ Modern, sleek design
  • ADU unit
  • Brings Community-focused housing to the urban area of Gardena.
  • European Style Cabinets with Quartzite Countertops
  • Washer Dryer inside each unit - Stainless Steel Appliances
  • GREAT CAP RATE for new Construction

OVERVIEW

See setup sheets -There are several options for financing and Investing. Built in 2024, Apartments 21 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 21 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.

FOR SALE DETAILS

PRICE

$6,999,000 USD

PRICE/SF

$672 USD /SF

# OF UNITS

21

PRICE/UNIT

$333,286

CAP RATE

5.47%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cocoon 20

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,211 SF

ZONING

GA

APN/PARCEL ID

6102-018-017

ASK ABOUT THIS PROPERTY

Lee JohnsonWest Realty GroupMore Info
310-892-2244

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

Lee JohnsonWest Realty GroupMore Info
310-892-2244

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