14517 Larch Avenue is a beautifully renovated twenty-unit apartment building that is not subject to rent control, and has considerable upside for a new owner. Built in 1961, the property sits on a very large 21,839 square foot lot and has an impressive 17,444 rsf. Each apartment has been upgraded to varying degrees. Depending on the unit, these improvements may include: vinyl plank flooring, stainless steel kitchen appliances, modern kitchen cabinetry/fixtures, granite countertops, new paint schemes, bathroom sinks and tubs, chair railing, crown molding and updated lighting fixtures and ceiling fans. Common areas have also been enhanced with a new stone wall veneer and two beautifully landscaped garden courtyards. Additionally, there are reinforced handrails and newer decking and paint. There are 16 covered parking spaces, 4 enclosed garage spots, and 4 uncovered spaces. The property has on-site laundry facilities. 1 unit is currently being operated as a 3 bed/2 bath unit. Each unit is individually metered for both gas and electricity, with the building having 22 gas meters and 21 electric meters. There are also two, newer 100-gallon water heaters. Though the property has been upgraded considerably, there is still much potential upside in current rents; m
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Additional Property Details
Known as the “City of Good Neighbors” and Hawthorne has a rich history of being a hub for technology and innovation. Home to the “Beach Boys” who later went on to sing about nearby Manhattan Beach, Hawthorne offers easy access to LAX and Los Angeles.
Real Estate: Hawthorne real estate for sale includes many single-family residences including bungalows and ranch-style homes built during the post-war boom. Townhouses, condos and apartments are also available for sale.
Community Life: The Hawthorne Del Aire Farmers Market takes place on Saturdays from 9 a.m. to 1 p.m. in the parking lot of the Da Vinci Charter School. The Hawthorne Memorial Park includes ball fields, basketball and tennis courts, a wading pool and picnic area. Other parks include Eucalyptus Park, Holly Park, and Jim Thorpe Park.
Education: Hawthorne is served by the Hawthorne School District and has seven elementary schools, three middle schools and a charter high school, Hawthorne Mathematics and Science Academy. Local private schools include Hawthorne Academy and St. Joseph’s Catholic School.
Transportation: Hawthorne is easily reached by the 405, 110, and 105 freeways. It is also served by several local bus routes.
Local Attractions: The Beach Boys are honored with a local monument denoting their childhood home.
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