| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14007 Cerise Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1973 |
| Units | 28 |
| Transaction Date | 1994-11-10 |
| Transaction Price | $950,000 |
| Buyer | SHEN HSIAO HUI |
| Seller | FEDERAL NATIONAL MORTGAGE ASSOCIATION |
14007 Cerise Ave Hawthorne Multifamily Investment
This 28-unit property benefits from neighborhood-level occupancy at 95.1% and strong renter concentration at 84.9% of housing units, according to CRE market data from WDSuite.
Located in Hawthorne's Urban Core, this neighborhood ranks in the top quartile nationally for renter concentration with 84.9% of housing units occupied by renters compared to the metro average. The area demonstrates solid occupancy fundamentals at 95.1%, positioning above the 71st percentile nationally. Demographics within a 3-mile radius show 57.7% of housing units are renter-occupied, supporting sustained rental demand.
Built in 1973, this property aligns with the neighborhood's average construction year of 1976, suggesting consistent building stock that may present value-add opportunities through strategic renovations and unit upgrades. The area's median contract rent of $1,632 has grown 48.2% over five years, while home values at $601,582 have appreciated 56.6%, reinforcing rental demand as elevated ownership costs sustain renter reliance on multifamily housing.
The neighborhood offers strong retail density with 9.46 grocery stores per square mile ranking in the 99th percentile nationally, plus 4.05 childcare facilities per square mile in the 98th percentile. However, the area lacks parks and shows below-average school ratings at 1.75 out of 5. Household income trends show improvement with median income rising 49.2% over five years, though rent-to-income ratios suggest affordability pressure that requires careful lease management considerations.
Population projections within the 3-mile radius indicate modest growth from 273,660 to 279,000 by 2028, with household formation expected to increase 36.7% to 122,865 households. This renter pool expansion supports occupancy stability, while forecast median rent growth to $2,300 represents 38.5% appreciation potential over the next five years.
Property crime rates in this neighborhood rank 243rd among 1,441 metro neighborhoods, placing it in the 66th percentile nationally with an estimated rate of 99.8 incidents per 100,000 residents. Notably, property crime has declined 15.8% year-over-year, indicating improving trends.
Violent crime shows more favorable metrics, with rates at 49.1 per 100,000 residents ranking in the 43rd percentile nationally. The area has experienced a significant 59.1% reduction in violent crime year-over-year, ranking in the 89th percentile for crime reduction trends. Overall crime conditions rank 580th among metro neighborhoods, placing the area in the 64th percentile nationally.
The property benefits from proximity to major corporate employers within the Los Angeles metro, including several Fortune 500 headquarters that support workforce housing demand.
- Mattel — toy manufacturing headquarters (3.5 miles) — HQ
- Southwest Airlines Counter — airline operations (4.9 miles)
- Symantec — cybersecurity technology (6.6 miles)
- Microsoft Offices The Reserves — technology services (7.2 miles)
- Air Products & Chemicals — industrial manufacturing (8.6 miles)
This 28-unit property in Hawthorne presents a compelling value-add opportunity in a renter-dominated market. The neighborhood's 84.9% renter concentration ranks in the top quartile nationally, while 95.1% occupancy rates demonstrate stable tenant demand. Built in 1973, the property offers renovation upside potential to capture growing rents that have appreciated 48.2% over five years.
Demographics within a 3-mile radius support long-term fundamentals, with household formation projected to increase 36.7% by 2028 and median rents forecast to reach $2,300. The area's high retail density and proximity to major employers like Mattel headquarters provide tenant retention advantages. However, multifamily property research indicates affordability pressures from current rent-to-income ratios that warrant careful lease management strategies.
- Top quartile renter concentration at 84.9% of housing units provides stable tenant base
- Strong occupancy fundamentals at 95.1% rank above 71st percentile nationally
- Value-add potential through renovations of 1973-vintage units in appreciating market
- Projected 36.7% household growth supports expanding tenant pool through 2028
- Risk consideration: Rent-to-income ratios require careful lease management and renewal strategies