| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14012 Cordary Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1986 |
| Units | 48 |
| Transaction Date | 1993-11-22 |
| Transaction Price | $1,700,000 |
| Buyer | 14012 CORDARY PARTNERS |
| Seller | WESTERN FINANCIAL SVGS BANK FSB |
14012 Cordary Ave Hawthorne Multifamily Investment
Positioned in an Urban Core pocket with strong renter demand and stable neighborhood occupancy, this 48-unit asset benefits from a deep tenant base and proximity to major employment nodes, according to WDSuite’s CRE market data.
Amenities in the surrounding neighborhood are a meaningful draw for renters: grocery access and everyday retail are abundant (grocery availability ranks among the strongest locally and tests in the 99th percentile nationally), and dining and cafes also index high versus U.S. neighborhoods. Parks are limited, which may nudge residents toward private on-site or nearby indoor amenities when feasible.
Neighborhood occupancy runs in the low-to-mid 90s with a neighborhood occupancy rate that trends above many U.S. areas (71st percentile nationally), supporting leasing stability. The share of housing units that are renter-occupied is notably high, indicating a deep tenant pool and consistent multifamily demand at the neighborhood level.
Vintage context matters for competitiveness. The property’s 1986 construction is newer than the neighborhood’s average vintage (1976), which can reduce near-term capital needs relative to older stock while leaving room for targeted modernization to support rent positioning and retention.
Within a 3-mile radius, demographics show households edging up recently with forecasts calling for population and household growth over the next five years. Rising median incomes in the area and a high-cost ownership market (home values sit high relative to income in national terms) tend to sustain reliance on rentals, while neighborhood rent-to-income levels suggest manageable affordability pressure that can aid retention and reduce turnover risk for well-managed properties.
School ratings in the immediate area test below national averages, which some family renters may weigh against the strong amenity access and commute convenience. Overall neighborhood performance sits above the metro median, competitive among Los Angeles neighborhoods, and in the top quartile nationally on several amenity measures, based on commercial real estate analysis from WDSuite.
Public safety indicators are mixed when viewed against different benchmarks. The neighborhood’s crime rank is 580 among 1,441 Los Angeles metro neighborhoods, placing it roughly around the metro middle. Nationally, property offense measures test comparatively better (around the mid-60s percentiles, where higher is safer) while violent offense indicators sit closer to mid-pack.
Recent directionality is constructive: estimated property offenses declined year over year and violent offense estimates show a notable downward shift. For underwriting, investors typically contextualize safety at the neighborhood level alongside on-site security practices and tenant screening to support retention and asset performance over time.
Nearby corporate employers anchor a broad commuter base, bolstering weekday traffic and supporting multifamily demand through convenient access to office and operations hubs. Notable names within a short drive include Mattel, Southwest Airlines, Symantec, Microsoft, and Air Products & Chemicals.
- Mattel — corporate offices (3.1 miles) — HQ
- Southwest Airlines Counter — airline operations (4.6 miles)
- Symantec — software/security offices (6.4 miles)
- Microsoft Offices The Reserves — technology offices (7.0 miles)
- Air Products & Chemicals — industrial gases offices (8.9 miles)
This 48-unit, 1986-vintage asset sits in a renter-heavy Urban Core environment with durable neighborhood occupancy and strong everyday amenities. The property is newer than much of the surrounding housing stock, offering a relative competitive edge versus older assets while still presenting scope for targeted renovations to drive rent positioning and retention. High home values and a high value-to-income landscape in the neighborhood reinforce reliance on rentals, and rent-to-income levels indicate manageable affordability pressure that can support steady renewals.
Within a 3-mile radius, recent trends show household counts steady to modestly higher and forecasts calling for population and household growth alongside rising incomes—factors that typically expand the renter pool and support occupancy. According to CRE market data from WDSuite, neighborhood-level occupancy and amenity access rank well against national benchmarks, suggesting leasing resilience, while limited park space and below-average school ratings remain considerations for family-oriented demand.
- Renter-heavy neighborhood and stable neighborhood occupancy support consistent leasing and retention
- 1986 vintage is newer than local averages, with value-add potential through focused modernization
- High-cost ownership market reinforces multifamily demand and pricing power for competitive assets
- Strong amenity access (grocery, dining, services) and proximity to major employers underpin tenant demand
- Risk: limited parks and below-average school ratings may temper appeal for some family renters