| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14102 Kornblum Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1987 |
| Units | 22 |
| Transaction Date | 2004-10-07 |
| Transaction Price | $2,625,000 |
| Buyer | Edmunds Trust |
| Seller | Indrasain & Khaimwattee Ramsundar |
14102 Kornblum Ave Hawthorne Multifamily Investment
Neighborhood occupancy sits in the mid-90s with a very high renter concentration, supporting durable leasing conditions according to WDSuite’s CRE market data.
Located in Hawthorne within the Los Angeles metro, the property benefits from an Urban Core setting where renter-occupied housing is prevalent at the neighborhood level. That depth of renter demand helps support occupancy stability for multifamily assets; note that these tenure and occupancy metrics describe the neighborhood, not the property itself.
Amenities are a relative strength: the neighborhood scores in the top quartile nationally for overall amenity access, with dense grocery, pharmacy, and cafe coverage competitive among 1,441 Los Angeles neighborhoods. Limited nearby park space may temper lifestyle appeal, but strong retail and daily-needs access can aid retention and minimize travel friction for residents.
Relative to the metro, housing fundamentals are competitive and neighborhood occupancy trends are above national medians, indicating consistent demand for rental units. Median home values are elevated versus incomes in this area, a high-cost ownership backdrop that tends to reinforce reliance on multifamily housing and can support pricing power when lease management is disciplined.
Demographic statistics aggregated within a 3-mile radius show stable recent household counts with forecasts pointing to household growth and slightly smaller average household sizes over the next five years. This combination generally expands the renter pool and supports occupancy stability for well-positioned assets, based on commercial real estate analysis from WDSuite.
Built in 1987, the asset is newer than the neighborhood’s average vintage. That positioning can offer a competitive edge versus older stock, while still warranting targeted system upgrades or common-area refreshes to meet current renter expectations.
Safety trends should be viewed in a comparative context. The neighborhood sits above the national midpoint for safety and is competitive among Los Angeles neighborhoods, according to WDSuite’s data. Year over year, both violent and property offense estimates have moved lower, suggesting an improving trend rather than a deterioration. These indicators describe the broader neighborhood context, not the specific block or property.
Investors should continue to monitor local trends alongside metro benchmarks; comparative positioning can support renter retention and leasing velocity when safety perceptions improve, but localized variability is common across urban submarkets.
Proximity to diverse corporate employers supports a sizable workforce renter base and commute convenience. Nearby anchors include Mattel, Southwest Airlines Counter, Symantec, Microsoft Offices The Reserves, and Air Products & Chemicals.
- Mattel — corporate offices (3.4 miles) — HQ
- Southwest Airlines Counter — airline services (4.8 miles)
- Symantec — cybersecurity offices (6.6 miles)
- Microsoft Offices The Reserves — technology offices (7.2 miles)
- Air Products & Chemicals — industrial gases (8.6 miles)
This 22-unit, 1987-vintage asset in Hawthorne aligns with renter-driven fundamentals: a neighborhood with high renter-occupied share and occupancy levels above national medians, plus amenity density that supports daily convenience. The vintage is newer than the neighborhood average, offering relative competitiveness versus older stock, while selective modernization can unlock value-add potential.
A high-cost ownership market in the area continues to sustain rental demand, and 3-mile demographic projections point to household growth and a modest decrease in average household size, indicating a larger tenant base over time. According to CRE market data from WDSuite, neighborhood-level income and occupancy indicators compare favorably to national medians, though rent-to-income levels suggest affordability pressure that should be managed through prudent lease strategies.
- Renter-heavy neighborhood supports depth of tenant demand and occupancy stability.
- 1987 vintage is newer than local average, with room for targeted upgrades to enhance competitiveness.
- Amenity-rich Urban Core location aids retention and leasing velocity.
- High-cost ownership context reinforces reliance on multifamily housing.
- Risk: rent-to-income levels indicate affordability pressure; active lease and renewal management is important.