| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14032 Doty Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1985 |
| Units | 26 |
| Transaction Date | 2013-03-19 |
| Transaction Price | $3,000,000 |
| Buyer | Mojgan & Farshid Malek |
| Seller | Dina Eletreby |
14032 Doty Ave Hawthorne Multifamily Investment
This 26-unit property benefits from neighborhood-level occupancy at 95.1% and a strong rental market with 84.9% of housing units renter-occupied, according to CRE market data from WDSuite.
The Hawthorne neighborhood presents a compelling rental market environment, with 84.9% of housing units renter-occupied ranking in the top quartile nationally among neighborhoods. This high rental share supports consistent tenant demand in an urban core setting with strong amenity access.
Neighborhood-level occupancy stands at 95.1%, indicating stable absorption despite a slight decline over five years. The median contract rent of $1,632 has grown 48.2% over five years, outpacing many metro areas. Demographics within the 3-mile radius show household income growth of 42% over five years, reaching a median of $85,650, which supports rental affordability at current pricing levels.
The area offers exceptional amenity density with 9.46 grocery stores per square mile ranking in the 99th percentile nationally, along with strong childcare access at 4.05 facilities per square mile. Built in 1985, this property aligns with the neighborhood's average construction year of 1976, suggesting similar capital planning considerations across the local housing stock.
Forward-looking demographics project 2.9% population growth through 2028 with household formation increasing 37.4%, expanding the potential renter pool. Median household income is forecast to reach $116,687, while median rent is projected to grow to $2,372, maintaining current affordability dynamics for multifamily housing demand.
Safety metrics show the neighborhood performing competitively among Los Angeles metro neighborhoods, ranking 580th of 1,441 neighborhoods for overall crime, placing it in the 64th percentile nationally. Property crime rates have declined 15.8% year-over-year, indicating improving conditions.
Violent crime rates have decreased significantly by 59.1% over the past year, with the neighborhood ranking in the 89th percentile nationally for this improvement trend. Current violent offense rates stand at 49.1 incidents per 100,000 residents, positioning the area above the metro median for safety conditions.
The employment base features major corporate offices within commuting distance, supporting workforce housing demand and tenant retention through proximity to established employers.
- Mattel — toy manufacturing headquarters (3.3 miles) — HQ
- Southwest Airlines Counter — airline operations (4.7 miles)
- Symantec — cybersecurity software (6.5 miles)
- Microsoft Offices The Reserves — technology services (7.1 miles)
- Air Products & Chemicals — industrial gases (8.7 miles)
This 26-unit property built in 1985 operates in a neighborhood with 95.1% occupancy and strong rental fundamentals, supported by 84.9% renter-occupied housing units ranking in the top quartile nationally. Demographic projections show 37.4% household growth through 2028 with median income rising to $116,687, expanding the tenant base while maintaining rental affordability at projected rent levels of $2,372.
The urban core location provides exceptional amenity access with grocery stores ranking in the 99th percentile nationally for density, supporting tenant retention. Recent safety improvements including 59.1% reduction in violent crime and 15.8% decline in property crime enhance the neighborhood's investment profile. The 1985 construction year aligns with area norms, suggesting predictable capital planning alongside potential value-add opportunities.
- Neighborhood occupancy at 95.1% indicates stable absorption and tenant demand
- 37.4% projected household growth through 2028 expands renter pool
- Top quartile rental share nationally at 84.9% supports consistent demand
- Property age of 39 years may require capital expenditure planning and maintenance reserves