| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 25th | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13407 Kornblum Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1984 |
| Units | 25 |
| Transaction Date | 1994-11-02 |
| Transaction Price | $99,500 |
| Buyer | LOUCA ALEXANDRE |
| Seller | CURTIS LON L |
13407 Kornblum Ave 25-Unit Hawthorne Multifamily
Neighborhood occupancy is strong at 98.7% (measured for the neighborhood, not the property), pointing to steady renter demand; according to WDSuite’s CRE market data, this submarket’s depth favors stabilized multifamily.
Situated in Hawthorne within the Los Angeles metro, the property sits in an Urban Core neighborhood with renter demand supported by high neighborhood occupancy and a very large renter-occupied share of housing units (89.3%). For investors, that concentration indicates a deep tenant base and potential leasing stability even as individual assets vary.
Relative positioning is mixed: neighborhood occupancy ranks in the top quartile nationally, while overall neighborhood rating trends closer to the metro 's lower half. Parks are a local strength (top percentile nationally), but daily-needs amenities such as grocery, pharmacy, and cafes are comparatively sparse within the immediate neighborhood, which can affect lifestyle convenience and leasing narratives. Average school ratings trend below the national median; investors commonly position assets like this toward workforce renters and convenience to jobs rather than school-driven demand.
Home values in the neighborhood are elevated versus national norms, reinforcing reliance on rental housing and supporting pricing power for well-managed assets. Median contract rents in the area track above national levels, but investors should balance revenue expectations with affordability management and retention strategies.
Within a 3-mile radius, demographics from WDSuite indicate stable population with projections for modest population growth and a meaningful increase in households over the next five years. Rising household incomes and forecast rent gains suggest a larger tenant base and support for occupancy, though operators should plan for affordability pressure and targeted concessions management as needed.
Safety indicators are mixed and should be considered at the neighborhood level rather than the specific property. The area 's overall crime rank is below the metro median among 1,441 Los Angeles neighborhoods, suggesting comparatively higher reported crime than many parts of the metro. Nationally, the composite crime positioning sits below the median as well.
By offense type, recent estimates show comparatively better positioning for property and violent offenses versus many neighborhoods nationwide (property offense and violent offense rates track above the national median for safety, with property offense performance approaching the top quartile). However, one-year trend indicators point to recent increases, which warrants proactive security, lighting, and resident-engagement measures in asset plans.
The employment base nearby skews toward corporate offices and technology, supporting workforce renter demand and commute convenience for residents. Key employers within a short drive include Mattel, Southwest Airlines, Symantec, Microsoft, and Air Products & Chemicals.
- Mattel — toys & consumer products (3.2 miles) — HQ
- Southwest Airlines Counter — airline operations (4.4 miles)
- Symantec — cybersecurity offices (6.1 miles)
- Microsoft Offices The Reserves — software offices (6.8 miles)
- Air Products & Chemicals — industrial gases (9.1 miles)
13407 Kornblum Ave is a 25-unit multifamily asset built in 1984, newer than the neighborhood 's average vintage. That positioning can offer competitive appeal versus older local stock, while still benefiting from selective modernization (systems and common areas) to capture value-add upside. Neighborhood-level occupancy is high and the renter concentration is substantial, supporting tenant depth and potential leasing durability across cycles.
Elevated neighborhood home values reinforce renter reliance on multifamily housing, while 3-mile demographics point to a projected increase in households and higher incomes that can expand the tenant base. At the same time, rent-to-income metrics indicate affordability pressure, and safety trends have shown recent increases, so underwriting should incorporate prudent lease management and property-level security. According to CRE market data from WDSuite, the area 's occupancy outperforms national norms, which underpins a steady operations thesis for well-run assets.
- 1984 vintage offers competitive positioning vs. older local stock with targeted modernization potential
- High neighborhood occupancy and large renter-occupied share support leasing stability
- Elevated ownership costs in the area reinforce rental demand and pricing power for well-managed units
- 3-mile outlook shows household and income growth, expanding the tenant base over time
- Risks: affordability pressure (high rent-to-income) and mixed safety trends require disciplined operations and resident retention strategies