| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13700 Kornblum Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | 2001-08-02 |
| Transaction Price | $600,000 |
| Buyer | WUERTH MICHAEL G |
| Seller | WEDAGE MALKANTHI |
13700 Kornblum Ave Hawthorne Multifamily Investment
The surrounding neighborhood shows steady occupancy and a deep renter base, according to WDSuite’s CRE market data, supporting income stability for well-managed assets. Location fundamentals in LA’s South Bay underpin durable renter demand over a full cycle.
Positioned in Hawthorne’s Urban Core, the property benefits from a B+ neighborhood rating that is competitive among Los Angeles-Long Beach-Glendale neighborhoods (510 out of 1,441). Local livability is driven by dense retail and daily-needs access, with strong grocery, cafe, and pharmacy presence close by, which helps leasing and retention.
Neighborhood occupancy is solid relative to national benchmarks, and renter concentration across housing units is high, indicating a large tenant base that supports leasing velocity and reduces downtime risk. At the same time, limited park access locally suggests residents rely more on private/open-space alternatives, a consideration for amenity positioning.
Home values in the area are elevated by national standards, which tends to sustain reliance on multifamily rentals and can support pricing power for well-located assets when operations are disciplined. By contrast, the rent-to-income profile indicates some affordability pressure, so operators should emphasize lease management and renewals to preserve occupancy.
Demographic statistics are aggregated within a 3-mile radius: households are projected to increase even as average household size trends lower, pointing to a gradual renter pool expansion that supports occupancy stability over time. Construction year for this asset is 1986, newer than the neighborhood average (1976), which enhances competitive positioning versus older stock, though modernization of systems and light renovations may still be additive.
Neighborhood safety indicators compare favorably to many areas nationally, with overall crime levels tracking in the safer half of U.S. neighborhoods. Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the area trends above the metro median on composite safety measures, offering a workable operating backdrop for workforce and market-rate rentals.
Recent trends are constructive: estimated violent-offense rates declined year over year, and property-offense rates also moved lower, according to WDSuite’s CRE market data. As always, safety can vary by block and over time; investors should confirm current conditions and management practices that reinforce resident confidence.
Proximity to South Bay employment clusters supports commuter convenience and renter demand, anchored by corporate offices spanning toys/entertainment, airlines, software, and industrial gases. The employers below represent nearby demand drivers relevant to leasing and retention.
- Mattel — consumer products/entertainment (3.3 miles) — HQ
- Southwest Airlines Counter — airlines/customer operations (4.6 miles)
- Symantec — software & security offices (6.3 miles)
- Microsoft Offices The Reserves — software offices (7.0 miles)
- Air Products & Chemicals — industrial gases (8.8 miles)
This 24-unit, 1986-vintage asset sits in a renter-heavy pocket of Hawthorne with stable neighborhood occupancy and dense retail coverage. Elevated ownership costs in the area tend to reinforce rental demand, while 3-mile radius projections point to an increase in households and a gradually expanding renter pool. According to CRE market data from WDSuite, the neighborhood’s occupancy and amenity access are supportive of income durability, provided operations stay focused on renewals and resident experience.
Relative to older nearby stock, 1986 construction offers competitive positioning, with potential to drive NOI through targeted interior updates and systems modernization rather than full repositioning. Operators should balance pricing strategies against local rent-to-income dynamics, using renewals and retention to sustain occupancy while capturing measured rent growth.
- Renter-heavy neighborhood and steady occupancy support leasing stability.
- 1986 vintage offers a competitive edge versus older stock, with value-add upside from selective upgrades.
- Dense daily-needs amenities and South Bay job access backfill demand and retention.
- Growing households within 3 miles indicate a larger tenant base over time.
- Risk: rent-to-income pressure requires disciplined lease management and renewal strategy.