| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14323 Cerise Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1986 |
| Units | 21 |
| Transaction Date | 2004-03-26 |
| Transaction Price | $438,500 |
| Buyer | MONARK LP |
| Seller | BLUE WATER ASSET MANAGEMENT LP |
14323 Cerise Ave Hawthorne 21-Unit Multifamily
High renter concentration in the neighborhood supports a deep tenant base and stable leasing, according to WDSuite’s CRE market data.
Located in Hawthorne’s Urban Core, the property sits in a neighborhood rated B+ that is above the metro median among 1,441 Los Angeles-Long Beach-Glendale neighborhoods. The area’s renter-occupied share is competitive among Los Angeles-Long Beach-Glendale neighborhoods (23 out of 1,441), indicating a deep pool of multifamily demand rather than a for-sale housing dynamic.
Daily needs are well-covered: grocery, restaurant, cafe, and pharmacy densities rank in the higher national percentiles, placing local amenities in the top quartile nationally. Park space is limited, which is a consideration for residents prioritizing green space, but overall amenity access supports urban convenience and resident retention.
The building’s 1986 vintage is newer than the neighborhood average construction year (1976). That typically offers a competitive position versus older stock while still warranting targeted modernization plans for aging systems to sustain rentability and reduce near-term capital surprises.
Within a 3-mile radius, household counts are projected to increase and median incomes are expected to rise over the next five years, while average household size trends slightly lower. This combination points to a larger tenant base and more renters entering the market, which can support occupancy stability and rent growth management for multifamily owners.
Home values in the neighborhood are elevated relative to incomes (high national percentile for value-to-income ratio). In practice, a high-cost ownership market tends to reinforce reliance on rental housing and can support pricing power, though operators should balance this with rent-to-income considerations for lease management.
Neighborhood safety indicators are above the national median, according to WDSuite. Recent trends show year-over-year declines in both violent and property offense rates, suggesting improvement rather than deterioration. As with any urban core location, conditions can vary by block and over time; investors should validate trends at the submarket level and monitor changes alongside leasing and retention metrics.
Proximity to major employers supports workforce housing demand and commute convenience for residents, with nearby concentrations in consumer products, aviation services, and technology reflected below.
- Mattel — consumer products (3.6 miles) — HQ
- Southwest Airlines Counter — aviation services (5.0 miles)
- Symantec — cybersecurity (6.8 miles)
- Microsoft Offices The Reserves — software (7.4 miles)
- Air Products & Chemicals — industrial gases (8.4 miles)
This 21-unit, 1986-vintage asset offers relative competitiveness versus older neighborhood stock and benefits from a renter-driven location. Neighborhood occupancy trends sit above national norms, and elevated ownership costs reinforce demand for multifamily housing. According to CRE market data from WDSuite, the area’s amenity access ranks well nationally while the renter base remains deep within the Los Angeles metro context.
Forward-looking indicators within a 3-mile radius point to an expanding tenant base and rising incomes, which can support leasing stability and measured rent growth. Operators should plan for targeted modernization and closely manage affordability pressure as rents and incomes evolve.
- Renter-heavy neighborhood supports depth of demand and occupancy stability.
- 1986 vintage offers competitive positioning versus older stock with clear upgrade pathways.
- Strong amenity access and proximity to major employers aid resident retention.
- Elevated ownership costs sustain reliance on rentals, supporting pricing power.
- Risks: affordability pressure and limited park space; budget for capex and careful rent management.