James Capital Advisors & Marcus & Millichap, as the exclusive listing agents, are pleased to present this five unit style bungalow style apartment located at 14316 Cerise Avenue in Hawthorne, California. Hawthorne is one of the last non-rent control cities in LA County.
The property features 3,124 square feet of gross area and sits on a large 15,559 square foot lot. Built in 1940, the asset consists of three structures with multiple homes and bungalow style units. There is ample parking on-site and a large driveway leading to all units.
Located in the Heart of the South Bay, Hawthorne has attracted companies such as SpaceX, Tesla and Ring to move their headquarters to the city. The subject property is in close proximity to many new developments, restaurants and breweries as well. The building has great accessibility to major employment hubs such as Silicon Beach, Santa Monica and Century City. Hawthorne is also very close to the new Hollywood Park Development in Inglewood. The Hollywood Park Development is set to open next year, and will bring a 300-room hotel, over 3,000 units and new retail and office space. The Los Angeles Clippers are also negotiating with the City of Inglewood to build a brand new stadium.
This property provides a unique opportunity to acquire a value-add, five unit apartment in one of the best rental markets in Los Angeles. 14316 Cerise Avenue is the perfect investment opportunity for any savvy or first time investor.
