| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14005 Kornblum Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1987 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14005 Kornblum Ave Hawthorne Multifamily Investment
The surrounding neighborhood shows a very high renter-occupied share and occupancy in the mid‑90s, supporting durable tenant demand according to WDSuite’s CRE market data.
Located in Hawthorne within the Los Angeles metro, the area rates B+ and functions as an Urban Core node with strong daily-life convenience. Amenities test well — groceries, cafes, restaurants, and pharmacies sit in the top quartile nationally — helping underpin renter appeal and day‑to‑day livability for workforce tenants.
Neighborhood occupancy averages 95.1% (71st percentile nationally), and the share of housing units that are renter‑occupied is very high, reinforcing depth of the tenant base and supporting leasing stability. Median contract rents have grown over the last five years, while rent-to-income around 31% suggests some affordability pressure to monitor for renewal and pricing strategy.
Within a 3‑mile radius, recent population trends have been essentially flat to slightly lower, but projections indicate modest population growth and a meaningful increase in households alongside smaller average household sizes over the next five years. For multifamily, a larger household count with smaller sizes typically supports demand for rental units and steadier absorption, based on CRE market data from WDSuite.
The property’s 1987 vintage is newer than the neighborhood’s average construction year (1976). That positioning can offer a competitive edge versus older stock, while still warranting capital planning for aging systems or selective modernization to drive rent premiums and retention.
Schools in the immediate area score below national medians, which can influence renter profiles but does not preclude steady occupancy in urban Los Angeles submarkets. Elevated home values and a high value‑to‑income ratio at the neighborhood level indicate a high‑cost ownership market, which tends to sustain reliance on multifamily housing and can support pricing power when managed carefully.
Safety indicators are mixed but improving in several categories. Overall, the neighborhood ranks above the metro median for the Los Angeles-Long Beach-Glendale area (rank 580 among 1,441 metro neighborhoods), placing it around the 64th percentile nationally for safety relative to peers.
Property offense rates align with a comparatively better national standing (mid‑60s percentiles), and recent year‑over‑year estimates point to a decline in both property and violent incident rates. Violent‑crime indicators sit below the national median (around the low‑40s percentiles), so prudent security measures and tenant screening remain advisable for risk management.
Proximity to major employers supports a sizable workforce renter base and commute convenience, notably in consumer products, airlines, software, cybersecurity, and industrial gases.
- Mattel — toys & consumer products (3.3 miles) — HQ
- Southwest Airlines Counter — airline operations (4.7 miles)
- Symantec — cybersecurity (6.5 miles)
- Microsoft Offices The Reserves — software (7.1 miles)
- Air Products & Chemicals — industrial gases (8.7 miles)
This 45‑unit, 1987‑built asset benefits from a high renter concentration in an Urban Core location where neighborhood occupancy trends sit in the low‑to‑mid 90s. Elevated home values at the neighborhood level indicate a high‑cost ownership market, which often sustains reliance on rentals and supports lease‑up and retention. According to CRE market data from WDSuite, the area’s amenity access ranks well nationally, reinforcing day‑to‑day livability for workforce renters.
Investor focus should include value‑add or system modernization potential tied to the vintage, balanced against steady demand drivers: deep renter base, commute access to diversified employers, and national‑above‑median occupancy. Affordability management is important with rent‑to‑income near 31%, and school ratings below national medians warrant positioning to renter segments less sensitive to school quality.
- High renter concentration and above‑median national occupancy support demand stability.
- 1987 vintage offers value‑add and selective modernization levers versus older local stock.
- Strong amenity access and proximity to diversified employers enhance leasing and retention.
- High‑cost ownership landscape reinforces reliance on rentals, aiding pricing power with prudent management.
- Risks: affordability pressure (rent‑to‑income ~31%) and below‑median school ratings require targeted leasing strategy.