The Sunbelt Hawthorn Apartments is situated at 7320 HawthornAve., within walking distance of the Hollywood and Highlandentertainment complex and the new Kodak Theatre. In addition, it isclose to an MTA Red Line station that offers easy access toDowntown Los Angeles.

George McNee, vice president of Sares-Regis Group's MultifamilyInvestment Division, says the company will invest more than$750,000 to upgrade the property, which was built in 1985.Sares-Regis plans to modernize unit interiors by replacing allappliances, floor coverings and kitchen and bath countertops andcabinets, he says. Common areas will be improved with new hallwaylighting along with extensive improvements to the lobby and fitnesscenter.

In addition to the renovation, the project will be repositionedwith a new paint scheme, new signs and a new name, which has yet tobe determined, McNee says. Laurie Lustig-Bower of Team Lustig-Bowerin the Beverly Hills office of CB Richard Ellis Inc. representedthe buyer and seller, which had owned the 95%-occupied asset for 16years.

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