| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 35th | Fair |
| Amenities | 49th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12638 Cedar Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1973 |
| Units | 31 |
| Transaction Date | 1995-05-25 |
| Transaction Price | $755,203 |
| Buyer | MIF REALTY LP |
| Seller | MARKS DALE D |
12638 Cedar Ave Hawthorne Multifamily Investment
Positioned in a renter-heavy Los Angeles submarket, the asset benefits from neighborhood occupancy strength and a deep tenant base, according to CRE market data from WDSuite. Neighborhood metrics cited refer to the surrounding area, not the property, and point to steady renter demand supported by location fundamentals.
The property sits in Hawthorne s Urban Core, where neighborhood occupancy is strong and ranks in the top quartile nationally, per WDSuite. Importantly, the share of renter-occupied housing units is very high for the neighborhood (among the highest across 1,441 Los Angeles-Long Beach-Glendale neighborhoods), signaling a deep tenant pool and potential demand stability for a 31-unit asset.
Everyday convenience is a local strength: grocery access is among the top national percentiles and restaurants are plentiful, while park, pharmacy, and caf e9 density are comparatively limited. For investors, this mix suggests solid daily-needs coverage that supports retention, even if green space and service retail are less concentrated within the immediate neighborhood.
Within a 3-mile radius, demographics indicate a large resident base with households trending smaller over the forecast period and household incomes projected to rise. WDSuite s CRE data also show contract rents in the area continuing to advance over the next five years, which, paired with a sizable renter population, can support occupancy stability and measured pricing power for well-managed multifamily.
Ownership costs in the neighborhood are elevated relative to incomes on a national basis. For multifamily investors, a high-cost ownership market tends to reinforce reliance on rental housing, deepening the renter pool and helping sustain leasing velocity though higher rent-to-income ratios warrant thoughtful lease management and renewal strategies.
Neighborhood safety indicators are mixed when viewed against metro and national benchmarks. Property-related offenses compare favorably at a high national percentile (safer relative to many neighborhoods), while violent-offense measures sit closer to the national middle, based on WDSuite s CRE market data for the area.
Recent year-over-year changes show volatility in violent-offense estimates for the neighborhood. Rather than implying a block-level condition, this points to trend noise at the neighborhood scale within a large metro. Investors typically monitor updated readings and management controls (lighting, access, and partnerships with local patrols) to support resident comfort over time.
Proximity to established employers supports a broad workforce renter base and commute convenience. Nearby anchors include Mattel, Southwest Airlines, Symantec, Microsoft, and Activision Blizzard all within an accessible radius that can help underpin leasing and retention.
- Mattel toy manufacturing corporate offices (2.5 miles) HQ
- Southwest Airlines Counter airline operations (3.6 miles)
- Symantec cybersecurity (5.4 miles)
- Microsoft Offices The Reserves software & technology offices (6.0 miles)
- Activision Blizzard video game publisher (9.2 miles) HQ
12638 Cedar Ave is a 31-unit, 1973-vintage asset in a renter-dense Hawthorne location where neighborhood occupancy is strong and daily-needs retail is abundant. The vintage is newer than the neighborhood s average building stock, offering relative competitiveness versus older comparables, though investors should still plan for aging systems and targeted modernization. According to CRE market data from WDSuite, the neighborhood s high share of renter-occupied units and top-quartile occupancy support a stable tenant base, while elevated ownership costs in the area tend to sustain reliance on multifamily housing.
Within a 3-mile radius, incomes are rising and household sizes are projected to edge lower over the next five years, expanding the pool of renters suited to efficient floor plans (average unit size of about 590 sq. ft.). Employment access to nearby corporate offices further supports leasing. Key watch items include affordability pressure for some cohorts, mixed safety signals at the neighborhood scale, and lighter park/pharmacy density that may affect resident preferences.
- High neighborhood renter concentration and top-quartile occupancy support demand depth and retention
- 1973 vintage is newer than local average, with value-add potential through system upgrades and unit refreshes
- Strong grocery and restaurant access anchors daily convenience for residents
- Proximity to major employers (Mattel, Microsoft, Activision Blizzard) supports a broad workforce renter base
- Risks: affordability pressure, mixed safety trend readings, and limited nearby parks/pharmacies warrant active asset and lease management