| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13611 Kornblum Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1986 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13611 Kornblum Ave Hawthorne Multifamily Investment
This 21-unit property benefits from neighborhood occupancy rates of 95.1% and an 85% rental tenure share that reinforces multifamily demand in the Los Angeles metro according to CRE market data from WDSuite.
This Urban Core neighborhood ranks in the top quartile nationally for amenities with exceptional access to essential services including 9.5 grocery stores per square mile (99th percentile nationally) and 4.1 childcare facilities per square mile (98th percentile nationally). The concentration of neighborhood-level amenities supports tenant retention and lease renewal rates for multifamily properties.
The neighborhood maintains strong rental fundamentals with 95.1% occupancy rates and an 85% share of housing units that are renter-occupied, ranking 23rd among 1,441 metro neighborhoods. Median contract rents of $1,632 have increased 48% over five years, while demographic data within a 3-mile radius shows household incomes rising 44% to $84,021 median during the same period.
Built in 1986, this property aligns with the neighborhood's 1976 average construction year, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. The area's median home values of $601,582 represent a 57% five-year appreciation, which reinforces rental demand as elevated ownership costs sustain renter reliance on multifamily housing.
Population projections within the 3-mile radius forecast 2.2% growth to 278,509 residents by 2028, with household formation increasing 37% and median incomes rising to $113,483. This expanding renter pool supports occupancy stability and potential for measured rent growth in established multifamily assets.
Property crime rates in this neighborhood show improving trends with a 16% year-over-year decline, while violent crime has decreased 59% over the same period. The neighborhood ranks 580th among 1,441 metro neighborhoods for overall crime, placing it above the metro median and in the 64th percentile nationally.
These crime reduction trends align with broader Los Angeles metro patterns and support tenant retention considerations for multifamily investors evaluating long-term stability in urban core locations.
The property benefits from proximity to major corporate employers that provide workforce housing demand, including entertainment, technology, and aerospace companies within commuting distance.
- Mattel — toy and entertainment company (3.2 miles) — HQ
- Southwest Airlines Counter — aviation services (4.6 miles)
- Symantec — cybersecurity technology (6.3 miles)
- Microsoft Offices The Reserves — technology offices (6.9 miles)
- Activision Blizzard — gaming and entertainment (10.1 miles) — HQ
This 21-unit property constructed in 1986 presents a value-add opportunity in a neighborhood with exceptional rental fundamentals and amenity access. The 95.1% neighborhood occupancy rate and 85% rental tenure share demonstrate sustained multifamily demand, while the property's vintage offers potential for strategic capital improvements to capture rent growth in a market where median rents have increased 48% over five years.
Demographic projections within a 3-mile radius support long-term investment stability with 37% household growth forecast through 2028 and median incomes rising to $113,483. The neighborhood's top-quartile national ranking for amenities, combined with proximity to major employers including Mattel headquarters and technology offices, reinforces tenant demand for workforce housing in this Urban Core location.
- Strong rental market fundamentals with 95.1% neighborhood occupancy and 85% renter tenure
- Value-add potential with 1986 construction year in improving neighborhood
- Exceptional amenity access ranking in top quartile nationally
- Proximity to major corporate employers including Mattel and technology offices
- Risk consideration: Monitor rent-to-income ratios in 5th percentile nationally for affordability pressure