| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13601 Kornblum Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1987 |
| Units | 57 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13601 Kornblum Ave Hawthorne, CA Multifamily Investment
Neighborhood occupancy trends are in the mid-90% range and renter concentration is among the highest nationally, supporting steady demand for this 57-unit asset, according to WDSuite’s CRE market data. Elevated ownership costs in the area further reinforce reliance on multifamily rentals.
Positioned in Hawthorne’s Urban Core (B+ neighborhood rating), the property benefits from a renter-driven housing base. The neighborhood’s share of housing units that are renter-occupied sits in the top percentile nationally, indicating a deep tenant pool that supports leasing velocity and retention. Neighborhood occupancy is above the national median, suggesting relatively stable cash flow potential versus many U.S. submarkets.
Daily-life amenities are a strength: grocery stores and pharmacies rank in the upper decile nationally, and restaurant and café density track around the 90th percentile. This concentration typically translates into convenience and resident stickiness for workforce-oriented multifamily. A notable trade-off is limited park access within the immediate neighborhood, which may matter for some family renters but often weighs less for urban workforce tenants.
Home values and the value-to-income ratio are elevated versus national norms, pointing to a high-cost ownership market. For investors, this generally sustains rental demand and can support pricing power, while the neighborhood’s rent-to-income signals some affordability pressure that warrants attentive lease management and renewal strategies.
The average construction year in the neighborhood skews older (1970s). With a 1987 vintage, the asset is newer than much of the local stock, which can aid competitiveness versus older properties while still leaving room for targeted modernization to capture incremental rent premiums.
Demographics aggregated within a 3-mile radius show households edging up recently with forecasts calling for additional household growth and smaller average household sizes. Coupled with rising median incomes and continued rent growth projections, this trend points to a gradually expanding renter pool that can support occupancy stability over the medium term, based on commercial real estate analysis from WDSuite.
Safety indicators for the neighborhood register above the national median and are competitive among Los Angeles neighborhoods, according to WDSuite’s benchmarks. Recent readings show year-over-year declines in both property and violent offense rates, an encouraging directional trend for long-term operators.
As with most urban Los Angeles submarkets, conditions can vary by block and over time. Investors should evaluate property-level security measures and monitor local trends alongside metro-wide patterns when underwriting.
Nearby employers span entertainment, technology, consumer products, and air travel services, supporting a broad renter base and commute convenience for residents at this location. The list below highlights proximate anchors that can underpin tenant demand and retention.
- Mattel — consumer products HQ (3.2 miles) — HQ
- Southwest Airlines Counter — airline services (4.5 miles)
- Symantec — cybersecurity offices (6.2 miles)
- Microsoft Offices The Reserves — technology offices (6.9 miles)
- Air Products & Chemicals — industrial gases offices (8.9 miles)
This 57-unit, 1987-vintage asset sits in a renter-centric Urban Core pocket of Hawthorne where neighborhood occupancy is above the national median and the share of renter-occupied housing ranks among the highest nationally. Elevated ownership costs in the area reinforce reliance on multifamily housing, while dense amenity coverage (groceries, pharmacies, restaurants, and cafés) supports resident convenience and lease retention. According to CRE market data from WDSuite, recent crime metrics have improved year over year, adding to the case for steady operations.
Relative to a neighborhood stock that trends older, the property’s vintage provides competitive positioning versus 1970s-era assets, with potential to capture value through targeted updates. Within a 3-mile radius, households are expected to grow and average household size to edge lower, which typically expands the renter pool and supports occupancy over time. Counterbalancing factors include lower average school ratings and pockets of affordability pressure that call for prudent rent setting and renewal management.
- Renter-heavy neighborhood and above-median occupancy support demand stability
- 1987 vintage competitive versus older local stock with value-add upside
- Dense amenity base (groceries, pharmacies, dining) aids retention
- High-cost ownership market reinforces multifamily reliance and pricing power
- Risks: lower school ratings, limited park access, and affordability pressure require careful lease management