| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13606 Cordary Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1987 |
| Units | 24 |
| Transaction Date | 1995-03-02 |
| Transaction Price | $519,315 |
| Buyer | FIDELITY FEDERAL BANK FSB |
| Seller | MARQUES REYNALDO |
13606 Cordary Ave Hawthorne Multifamily Investment
Stabilized renter demand in an Urban Core pocket of Hawthorne, with neighborhood occupancy and a high renter-occupied share supporting leasing durability, according to WDSuite’s CRE market data.
This Urban Core location in the Los Angeles-Long Beach-Glendale metro offers everyday convenience that supports resident retention. Amenity access ranks 254th out of 1,441 metro neighborhoods—competitive for the metro—and grocery options are particularly strong, ranking 73rd of 1,441 and placing the area in the top percentile nationally for store density. Cafes and restaurants also test well versus national benchmarks, reinforcing neighborhood livability that can aid leasing.
The property’s 1987 vintage is newer than the neighborhood’s average construction year (1976). For investors, this generally means more competitive positioning versus older stock, though capital planning should still account for aging systems and targeted modernization to drive rentability.
Neighborhood occupancy sits in a healthy range (71st percentile nationally), and the share of housing units that are renter-occupied is very high, indicating depth in the tenant base for multifamily. Median contract rents in the neighborhood are elevated relative to many U.S. areas, and median home values are high within the metro context; together, these conditions typically support steady renter reliance on apartments while warranting disciplined lease management.
Within a 3-mile radius, demographics indicate a broad renter pool anchored by working-age households. While population was roughly flat in recent years, forecasts call for modest population growth and a notable increase in households alongside smaller average household sizes—trends that can expand the renter base and support occupancy stability. School ratings trail metro leaders, which may temper appeal for some families, but strong retail and service access helps balance lifestyle needs.
Safety indicators show a mixed but improving picture. Compared with neighborhoods nationwide, the area sits above average for safety (higher national percentile), while within the Los Angeles-Long Beach-Glendale metro its crime rank places it on the higher side of the middle of the pack. Recent year-over-year trends indicate declines in both violent and property offenses, suggesting directional improvement rather than a structural shift.
For investors, this context points to typical Urban Core risk management: emphasize lighting, access control, and resident engagement, and underwrite with conservative assumptions rather than assuming continued rapid improvement.
Proximity to corporate employment helps support weekday traffic and renter retention, led by consumer products, aviation, and technology offices within a 3–10 mile commute.
- Mattel — consumer products HQ (3.0 miles) — HQ
- Southwest Airlines Counter — aviation services (4.4 miles)
- Symantec — cybersecurity offices (6.2 miles)
- Microsoft Offices The Reserves — technology offices (6.8 miles)
- Air Products & Chemicals — industrial gases (9.0 miles)
13606 Cordary Ave is a 24‑unit, 1987-vintage asset positioned in a renter-heavy pocket of Hawthorne where neighborhood occupancy is solid and amenity access is competitive for the metro. The vintage is newer than the local average, offering relative competitiveness versus older properties while still leaving room for targeted value-add and systems updates. Elevated home values in the neighborhood context reinforce renter reliance on multifamily housing, supporting pricing power when balanced with prudent lease management.
Based on commercial real estate analysis and CRE market data from WDSuite, the surrounding neighborhood posts strong grocery and service access and sits above national averages for occupancy, with a high share of renter-occupied housing units indicating depth in the tenant base. Within a 3-mile radius, forecasts show modest population growth and a larger household base with smaller household sizes—factors that can expand the renter pool and support stabilization through cycles. Risks to monitor include affordability pressure (given rent-to-income metrics), lower average school ratings, and limited park access, suggesting an emphasis on resident experience and expense control in the business plan.
- 1987 vintage offers competitive positioning versus older stock, with clear value-add and capital planning angles.
- Renter-occupied share is high, supporting depth of demand and occupancy stability.
- Strong grocery and service density and Urban Core convenience aid resident retention.
- 3-mile outlook points to a larger household base and smaller household sizes, expanding the renter pool.
- Risks: affordability pressure, lower school ratings, and limited park access call for prudent underwriting and operations.