| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13623 Doty Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | 1994-08-05 |
| Transaction Price | $900,000 |
| Buyer | MEGA ENTERPRISES CO |
| Seller | HAWTHORNE SVGS FSB |
13623 Doty Ave Hawthorne Multifamily Investment
This 24-unit property in Hawthorne's urban core benefits from 95.1% neighborhood occupancy rates and strong rental demand, according to CRE market data from WDSuite.
This 24-unit property sits in Hawthorne's urban core neighborhood, which ranks in the top quartile nationally for amenity access with extensive retail and service infrastructure. The area features 9.46 grocery stores per square mile and 4.05 childcare facilities per square mile, both ranking in the 98th-99th percentiles nationally among neighborhoods.
Built in 1986, this property aligns with the neighborhood's average construction year of 1976, positioning it for potential value-add opportunities through targeted renovations and unit improvements. The surrounding area maintains 95.1% occupancy rates with 84.9% of housing units being renter-occupied, creating a stable rental market foundation.
Demographics within a 3-mile radius show 270,693 residents with a median household income of $84,604. The area's 58.4% renter share supports consistent multifamily demand, while forecasted household growth of 36.9% over the next five years suggests expanding tenant pools. Contract rents in the neighborhood average $1,632, with 48% growth over the past five years indicating pricing power potential.
The neighborhood receives a B+ rating and ranks 510th among 1,441 metro neighborhoods. While home values average $601,582 with 56.7% five-year appreciation, elevated ownership costs help sustain rental demand and support tenant retention in the multifamily sector.
Safety metrics show the neighborhood performing above metro averages, ranking 580th among 1,441 Los Angeles metro neighborhoods and in the 64th percentile nationally. Property crime rates of 99.8 incidents per 100,000 residents have declined 15.8% over the past year, indicating improving conditions.
Violent crime rates of 49.1 per 100,000 residents have decreased significantly by 59.1% year-over-year, placing the area in the 89th percentile nationally for crime reduction trends. These improving safety metrics support tenant retention and property values in the submarket.
The property benefits from proximity to major corporate employers anchoring the South Bay employment corridor, supporting workforce housing demand and commute convenience for tenants.
- Mattel — toy manufacturing headquarters (3.1 miles) — HQ
- Southwest Airlines Counter — airline operations (4.5 miles)
- Symantec — cybersecurity offices (6.2 miles)
- Microsoft Offices The Reserves — technology offices (6.8 miles)
- Air Products & Chemicals — industrial manufacturing (9.0 miles)
This 1986-vintage property offers value-add potential in a stable rental market with 95.1% neighborhood occupancy and strong demographic fundamentals. The urban core location provides excellent amenity access while benefiting from declining crime rates and proximity to major South Bay employers including Mattel's headquarters.
Multifamily property research indicates robust rental demand supported by 84.9% renter occupancy in the neighborhood and forecasted 36.9% household growth over five years. The property's average unit size of 721 square feet and established vintage create opportunities for strategic improvements and rent optimization in a market showing 48% rent growth over the past five years.
- Strong occupancy fundamentals with 95.1% neighborhood rates and 84.9% renter share
- Value-add potential through unit renovations and rent optimization
- Proximity to major employers supporting workforce housing demand
- Improving safety trends with 59.1% reduction in violent crime rates
- Risk consideration: Monitor rent-to-income ratios at 31% which may limit pricing flexibility