| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13714 Kornblum Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1986 |
| Units | 27 |
| Transaction Date | 1997-12-23 |
| Transaction Price | $870,000 |
| Buyer | LING PAUL SIONG KUONG |
| Seller | COAST-KORNBLUM PACIFIC |
13714 Kornblum Ave, Hawthorne CA Multifamily Investment
Positioned in an Urban Core pocket with a very high renter concentration and amenity access, the asset benefits from steady leasing conditions, according to WDSuite’s CRE market data.
The property sits in a Hawthorne Urban Core neighborhood rated B+ and ranked 510 among 1,441 Los Angeles metro neighborhoods — competitive among Los Angeles-Long Beach-Glendale submarkets. Neighborhood occupancy trends are above the national median, supporting durable cash flow, while the share of renter-occupied housing is exceptionally high (top percentile nationally), indicating a deep tenant base and consistent multifamily demand.
Daily needs are well covered: grocery, restaurant, cafe, childcare, and pharmacy densities all score in the upper national percentiles, reinforcing convenience that helps with retention and leasing velocity. Park access is limited in this immediate area, which may modestly affect appeal for open-space oriented renters, but proximity to services often offsets that for workforce households.
With median home values in the neighborhood well above national norms, this is a high-cost ownership market. That context tends to sustain renter reliance on multifamily housing and can support pricing power and lease-up, though it also raises the importance of unit-level value and renewal management. Neighborhood NOI per unit performs above the national median, aligning with these fundamentals.
Demographic statistics are aggregated within a 3-mile radius: households have inched higher even as total population was relatively flat in recent years, pointing to smaller household sizes and a gradual expansion of the renter pool. Forward-looking projections indicate growth in households and incomes over the next five years, which supports occupancy stability and rent durability for well-managed assets.
Vintage matters for competitive positioning. The asset was built in 1986, newer than the neighborhood’s average 1976 vintage, which generally supports leasing versus older stock; investors should still plan for targeted system updates or modernization to meet current renter expectations.
Safety indicators are mixed but generally comparable to broader urban Los Angeles patterns. The neighborhood sits above the national median for property safety and nearer the middle of the pack for violent incidents. Recent year-over-year trends point to improving conditions, which aligns with stabilizing urban core dynamics seen in peer areas. Rankings are benchmarked against 1,441 metro neighborhoods and national percentiles compare neighborhoods nationwide.
Nearby employers provide a diversified white‑collar and operations employment base, supporting workforce renter demand and commute convenience for residents. Notable nearby employers include Mattel, Southwest Airlines operations, Symantec, Microsoft offices, and Air Products & Chemicals.
- Mattel — consumer products HQ (3.3 miles) — HQ
- Southwest Airlines Counter — airline operations (4.65 miles)
- Symantec — cybersecurity offices (6.36 miles)
- Microsoft Offices The Reserves — technology offices (7.01 miles)
- Air Products & Chemicals — industrial gases offices (8.81 miles)
13714 Kornblum Ave offers 27 units with average floor plans suited to workforce demand in a high renter-occupied neighborhood where occupancy trends are above national norms. Built in 1986, the property is newer than the local average vintage, which supports competitive positioning versus older stock while leaving room for targeted renovations and capital planning. High neighborhood home values reinforce reliance on rental housing and can aid pricing power and lease retention when paired with effective operations. Based on commercial real estate analysis from WDSuite, the area’s amenity density and employer access underpin steady leasing conditions.
Within a 3-mile radius, households have edged higher and are projected to grow alongside incomes, pointing to a larger tenant base and sustained renter demand. At the same time, rent-to-income readings indicate some affordability pressure, suggesting the need for disciplined renewals, resident retention programs, and value-focused unit upgrades. Safety signals are improving but mixed, and park access is limited — manageable considerations for investors prioritizing operations and tenant experience.
- High renter-occupied share and above-national occupancy support demand stability
- 1986 vintage offers competitive positioning with value-add modernization potential
- Amenity-rich Urban Core location with proximity to major employers aids leasing and retention
- High-cost ownership market reinforces renter reliance and pricing power potential
- Risks: affordability pressures (rent-to-income), limited parks, and mixed but improving safety trends