| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13608 Cerise Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1984 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13608 Cerise Ave Hawthorne Multifamily Investment
This 26-unit property benefits from neighborhood-level occupancy at 95.1% and strong renter demand in a market where 84.9% of housing units are renter-occupied, according to CRE market data from WDSuite.
The Hawthorne neighborhood demonstrates strong fundamentals for multifamily investors, ranking in the top quartile nationally for amenity access with grocery stores at 9.46 per square mile and extensive childcare options. The area maintains a B+ neighborhood rating with 95.1% occupancy rates, supported by a dominant rental market where 84.9% of housing units are renter-occupied—ranking 23rd among 1,441 metro neighborhoods.
Demographics within a 3-mile radius show a stable tenant base with 277,193 residents and household incomes averaging $81,010. Projected household growth of 36.5% through 2028 should expand the renter pool, while median rent increases from $1,619 to a forecasted $2,228 indicate pricing power potential. The neighborhood's 79th percentile housing rank nationally reflects solid demand fundamentals.
Built in 1984, this property aligns with the neighborhood's average construction year of 1976, suggesting opportunities for value-add renovations to capture rent premiums. Home values averaging $601,582 with a 9.67 value-to-income ratio help sustain rental demand by keeping ownership costs elevated relative to household incomes, reinforcing renter reliance on multifamily housing.
The neighborhood demonstrates moderate safety metrics with property crime rates of 99.8 incidents per 100,000 residents, ranking 243rd among 1,441 metro neighborhoods. More encouraging for investors, both property crime and violent crime have declined over the past year, with violent offenses dropping 59.1%—placing the area in the 89th percentile nationally for crime reduction trends.
While crime rates remain above metro averages, the improving trajectory and neighborhood's urban core designation suggest ongoing community investment and stabilization efforts that typically support long-term rental demand and property values.
The property benefits from proximity to major corporate employers that provide workforce housing demand, including Mattel's headquarters and several technology companies within commuting distance.
- Mattel — toy manufacturing and entertainment (3.5 miles) — HQ
- Southwest Airlines Counter — aviation services (4.8 miles)
- Symantec — cybersecurity and software (6.4 miles)
- Microsoft Offices The Reserves — technology services (7.1 miles)
- Air Products & Chemicals — industrial gases and chemicals (8.7 miles)
This 26-unit Hawthorne property offers compelling fundamentals in a rental-dominant market with 95.1% neighborhood occupancy and projected 36.5% household growth through 2028. The 1984 construction year presents value-add opportunities to capture rent growth in a market where median rents are forecast to increase 37.5% over five years, while proximity to major employers like Mattel's headquarters supports consistent tenant demand.
Commercial real estate analysis from WDSuite indicates the neighborhood's 79th percentile national housing rank and strong amenity density create a stable investment environment. However, investors should monitor the area's below-average school ratings and elevated rent-to-income ratios that may impact long-term tenant retention and renewal rates.
- High occupancy market with 95.1% neighborhood rates and 84.9% renter-occupied units
- Strong demographic growth with 36.5% projected household increase supporting tenant demand
- Value-add potential from 1984 vintage to capture 37.5% forecasted rent growth
- Proximity to major employers including Mattel headquarters provides workforce housing appeal
- Monitor rent-to-income ratios and school ratings for potential tenant retention challenges