| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13602 Cordary Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | 2001-08-14 |
| Transaction Price | $1,220,000 |
| Buyer | E J PARTNERS |
| Seller | 4020 ROSECRANS LLC |
13602 Cordary Ave Hawthorne Multifamily Investment
Neighborhood occupancy is in the mid-90s with a very high renter-occupied share, pointing to a deep tenant base and durable leasing conditions, according to WDSuite’s CRE market data. 1988 construction offers competitive positioning versus older local stock while leaving room for targeted upgrades.
The property sits in a B+–rated Urban Core neighborhood within the Los Angeles-Long Beach-Glendale metro, competitive among 1,441 metro neighborhoods on overall amenities. Grocery access and daily needs are strong (nationally high concentrations of groceries, restaurants, pharmacies, and childcare), supporting resident convenience and lease retention. Limited park acreage nearby is a consideration for outdoor-oriented households.
Renter-occupied share is very high at the neighborhood level, indicating a deep pool of prospective tenants and support for occupancy stability. Neighborhood occupancy trends are above the national midpoint, and median asking rents have advanced over the past five years, consistent with sustained demand. The area’s elevated home values and a high value-to-income ratio suggest a high-cost ownership market, which typically reinforces reliance on multifamily rentals and can support pricing power when managed carefully.
Within a 3-mile radius, households have grown modestly while average household size has edged lower, and forward-looking estimates point to incremental population growth and a larger household count by 2028. Taken together, these shifts imply a steady or expanding renter pool and support for occupancy, especially for well-maintained, mid-sized assets. School ratings trail national norms, which may influence family-oriented leasing strategies, but strong everyday retail access and commute connectivity help offset that for many renter cohorts.
The asset’s 1988 vintage is newer than the neighborhood average construction year, suggesting relative competitiveness versus older buildings while still warranting planning for systems modernization or value-add interior updates. For investors focused on multifamily property research, this balance of renter demand depth and refurbishment opportunity can be attractive when paired with disciplined lease and expense management.
Neighborhood safety indicators are above the national midpoint overall, with property-related offenses closer to the safer side of national comparisons. Violent offense measures sit nearer the national middle but have improved notably year over year, and property offense rates have also eased, based on WDSuite’s neighborhood benchmarks. These are neighborhood-level readings rather than property-specific conditions, and trends should be monitored alongside standard insurance and security planning.
Nearby employers include Mattel, Southwest Airlines, Symantec, Microsoft, and Air Products & Chemicals, providing a diversified employment base and commute convenience that can support renter demand and retention.
- Mattel — consumer products HQ (3.0 miles) — HQ
- Southwest Airlines Counter — airline operations (4.4 miles)
- Symantec — cybersecurity offices (6.2 miles)
- Microsoft Offices The Reserves — technology offices (6.8 miles)
- Air Products & Chemicals — industrial gases offices (9.1 miles)
This 24-unit, 1988-vintage asset offers defensible positioning in a renter-heavy Urban Core location where neighborhood occupancy sits above the national midpoint and renter-occupied share is substantial. Elevated ownership costs in the area support reliance on rental housing, while strong daily-needs access bolsters livability and potential lease retention. According to CRE market data from WDSuite, neighborhood asking rents and NOI per unit are competitive relative to many peer areas, supporting a case for steady income with prudent operations.
Vintage relative to the local average suggests the property can compete against older stock while benefiting from selective value-add or systems upgrades. Forward-looking demographics within a 3-mile radius indicate a larger household base over time, which, alongside proximity to diverse employers, supports demand depth. Key considerations include below-average school ratings, limited nearby parks, and managing rent-to-income pressures through thoughtful lease strategy.
- Renter-heavy neighborhood and above-midpoint occupancy support demand stability.
- 1988 vintage is newer than local average, with value-add and systems refresh potential.
- High-cost ownership market reinforces reliance on rentals and potential pricing power.
- Strong everyday amenities and employer proximity aid leasing and retention.
- Risks: below-average school ratings, limited parks, and rent-to-income pressures require active management.