| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13802 Cerise Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | 2008-05-21 |
| Transaction Price | $2,700,000 |
| Buyer | WEDAGE MALKANTHI |
| Seller | CERISE 13802 LLC |
13802 Cerise Ave Hawthorne Multifamily Investment
Neighborhood renter demand is durable with above-average occupancy and a deep renter base, according to WDSuite’s CRE market data. Positioned in Los Angeles County’s Urban Core, the asset benefits from a high-cost ownership market that supports lease retention for well-managed units.
Located in Hawthorne’s Urban Core, the neighborhood scores competitive among 1,441 Los Angeles metro neighborhoods for overall amenities and services, with especially strong access to groceries, restaurants, cafes, childcare, and pharmacies (neighborhood-level metrics). This concentration supports day-to-day convenience and helps sustain renter interest relative to many U.S. neighborhoods.
Neighborhood multifamily occupancy is solid and above many national peers, which supports income stability at the property level (occupancy measured for the neighborhood, not the property). The area also exhibits a very high share of renter-occupied housing units, indicating a deep tenant base and steady demand for professionally managed apartments.
Home values in the neighborhood are elevated versus most U.S. areas, reinforcing reliance on rental housing and aiding pricing power for competitively positioned units. Median contract rents at the neighborhood level sit above many U.S. neighborhoods as well, and have trended upward over the past five years, signaling healthy renter willingness to pay for location and convenience.
Within a 3-mile radius, demographic statistics show stable household counts historically with forecasts indicating an increase in households and income growth over the next five years. This combination, alongside slightly smaller projected household sizes, points to a larger renter pool and supports leasing velocity for well-maintained buildings.
The property’s 1986 vintage is newer than the neighborhood’s average construction year from WDSuite data, suggesting competitive positioning versus older stock. Targeted system upgrades and modernizations can further enhance appeal against nearby 1970s-era product.
Considerations: local park density is limited at the neighborhood level, and public school ratings trend below national medians. Operators may lean more on amenities, unit finishes, and management quality to drive retention.
Safety indicators for the neighborhood compare modestly well versus national norms, with property crime measures trending better than the U.S. median and violent crime closer to mid-pack nationally (neighborhood-level data). Recent trend data show meaningful year-over-year improvement in violent incidents, a positive signal for operating stability.
Within the Los Angeles metro context, the neighborhood sits around the middle of the pack among 1,441 neighborhoods, reflecting conditions that are neither an outlier risk nor a top-tier safety outlier. Owners should continue standard security practices and lighting/visibility upgrades to support resident confidence.
Proximity to large employers supports a broad commuter tenant base and reduces friction in lease-up and retention. Notable nearby employment nodes include headquarters and major offices in toys, airlines, cybersecurity, software, and industrial gases.
- Mattel — toys HQ (3.6 miles) — HQ
- Southwest Airlines Counter — airline operations (4.9 miles)
- Symantec — cybersecurity (6.5 miles)
- Microsoft Offices The Reserves — software (7.2 miles)
- Air Products & Chemicals — industrial gases (8.6 miles)
13802 Cerise Ave is a 24-unit, circa-1986 asset positioned to benefit from a renter-heavy Urban Core location and elevated ownership costs nearby. Neighborhood occupancy trends run above many U.S. areas, and median rents have risen over the past cycle, reinforcing demand for well-managed buildings with practical finishes. Based on CRE market data from WDSuite, the property competes against an older local vintage profile, offering potential operational upside with targeted updates.
Within a 3-mile radius, forecasts indicate rising household counts and income growth alongside slightly smaller household sizes, expanding the renter pool and supporting occupancy stability. Elevated home values at the neighborhood level further sustain reliance on multifamily housing, while proximity to major employers underpins steady leasing fundamentals.
- Renter-heavy neighborhood and above-average occupancy support income stability.
- 1986 vintage competes well versus older local stock; selective upgrades can capture value-add.
- Elevated neighborhood home values reinforce sustained rental demand and pricing power.
- Nearby corporate employment nodes bolster tenant demand and retention.
- Risks: below-median school ratings and rent-to-income pressure call for attentive lease management and resident services.