| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14013 Kornblum Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1989 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14013 Kornblum Ave Hawthorne Multifamily Investment
This 44-unit property operates in a highly rental-oriented neighborhood with 84.9% renter occupancy, ranking in the top 2% nationally for multifamily property research opportunities according to WDSuite's CRE market data.
The Hawthorne neighborhood presents a compelling rental market environment with strong fundamentals for multifamily investors. At 84.9% renter-occupied housing units, this area ranks 23rd among 1,441 metro neighborhoods and achieves the 99th percentile nationally, indicating exceptional rental demand depth. Neighborhood-level occupancy rates maintain stability at 95.1%, positioning above the 71st percentile nationally and supporting consistent cash flow expectations.
Demographics within a 3-mile radius show a mature rental market with 270,153 residents and 57.5% of housing units occupied by renters. The area benefits from high amenity density, ranking in the 78th percentile nationally for overall amenities, with particularly strong grocery store access at 9.46 stores per square mile (99th percentile nationally). This amenity concentration supports tenant retention and lease renewal rates.
The property's 1989 construction year aligns with the neighborhood average of 1976, suggesting minimal capital expenditure disadvantage relative to competing properties. However, investors should plan for ongoing maintenance and potential value-add renovation opportunities given the building's 35-year age. Current median contract rents of $1,632 provide room for strategic improvements, while the neighborhood's B+ rating reflects solid fundamentals with measurable upside potential.
Demographic projections indicate household growth of 37.3% through 2028, expanding the potential tenant base significantly. This growth, combined with forecast median rent increases to $2,354, supports both occupancy stability and rental rate progression for well-positioned properties in the submarket.
Safety metrics for this Hawthorne neighborhood show mixed but improving trends relevant to tenant retention considerations. Property crime rates currently rank 243rd among 1,441 metro neighborhoods, placing the area in the 66th percentile nationally—indicating above-average safety compared to neighborhoods nationwide. More encouraging for long-term investors, property crime has declined 15.8% year-over-year, suggesting positive momentum.
Violent crime presents a more favorable picture, with rates declining significantly by 59.1% year-over-year and ranking in the 89th percentile nationally for improvement trends. While absolute violent crime levels rank 760th among metro neighborhoods (43rd percentile nationally), the substantial recent improvement indicates strengthening neighborhood conditions that can support tenant satisfaction and lease renewals.
The property benefits from proximity to several major corporate headquarters and offices that provide employment stability for the local rental market, including entertainment, technology, and industrial companies within commuting distance.
- Mattel — toy and entertainment company (3.3 miles) — HQ
- Southwest Airlines Counter — airline operations (4.7 miles)
- Symantec — cybersecurity and software (6.5 miles)
- Microsoft Offices The Reserves — technology services (7.1 miles)
- Air Products & Chemicals — industrial gases and chemicals (8.7 miles)
This 44-unit Hawthorne property operates in one of the most rental-oriented markets in the Los Angeles metro, with 84.9% renter occupancy ranking in the top 1% nationally. The neighborhood's 95.1% occupancy rate demonstrates consistent demand, while projected household growth of 37.3% through 2028 supports expanding tenant pools. According to commercial real estate analysis from WDSuite, the area's B+ rating reflects solid fundamentals with measured upside potential as demographic trends strengthen.
Built in 1989, the property aligns with neighborhood vintage norms, minimizing competitive disadvantage while presenting value-add renovation opportunities. Current median rents of $1,632 provide room for strategic improvements, with forecasts indicating growth to $2,354 by 2028. However, investors should monitor the area's low COVID resilience ranking (9th percentile) and plan for ongoing capital improvements given the building's 35-year age.
- Exceptional rental market depth with 84.9% renter occupancy (99th percentile nationally)
- Strong occupancy stability at 95.1% neighborhood-level rates
- Projected 37.3% household growth expanding tenant base through 2028
- Value-add potential with 1989 construction year and renovation upside
- Risk consideration: Low COVID resilience ranking requires careful tenant screening and lease management