| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14330 Cerise Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1988 |
| Units | 32 |
| Transaction Date | 2003-01-30 |
| Transaction Price | $2,515,000 |
| Buyer | Larry D & Jeannette |
| Seller | Imperial Pacific, Inc. |
14330 Cerise Ave Hawthorne Multifamily Investment
Neighborhood metrics point to a deep renter base and solid occupancy stability, according to WDSuite’s CRE market data. These indicators reflect the area’s Urban Core dynamics rather than the property itself.
Hawthorne’s Urban Core setting offers everyday convenience that supports renter retention. Neighborhood amenities are competitive, with grocery and dining density in the top quartile nationally, while cafés and pharmacies also test strong. Park access is limited, which may reduce green-space appeal but keeps the focus on urban services.
For multifamily demand, the share of renter-occupied housing units in the neighborhood is very high (top percentile nationally), indicating depth in the tenant base and consistent leasing activity. Neighborhood occupancy is reported around the mid‑90s, a level that generally supports steady cash flow; this is a neighborhood statistic, not a property guarantee.
Relative pricing dynamics reinforce rental demand. Elevated home values and a high value‑to‑income landscape locally tend to sustain reliance on multifamily housing, which can aid lease‑up and renewal pricing power in competitive product. At the same time, rent‑to‑income readings imply some affordability pressure, suggesting operators should emphasize renewal management and resident services.
Within a 3‑mile radius, recent population trends have been roughly flat, but WDSuite’s forecasts indicate modest population growth with a meaningful increase in households and smaller average household sizes over the next five years. A rising household count and smaller households typically expand the renter pool and support occupancy stability.
Asset positioning: built in 1988, the property is newer than the neighborhood’s average vintage (1970s), which can provide a competitive edge versus older stock. Investors should still plan for aging systems and selective modernization to capture value‑add potential and align with current renter expectations.
Neighborhood safety indicators are mixed but improving. The area sits roughly mid‑pack among 1,441 Los Angeles‑Long Beach‑Glendale neighborhoods, with overall conditions that are safer than many U.S. neighborhoods on a national comparison. Recent data show one‑year declines in both property and violent offense estimates, which, if sustained, would be constructive for leasing and retention. These are neighborhood‑level trends, not block‑specific conditions.
Proximity to major employment nodes supports workforce housing demand and commute convenience for residents. Notable nearby employers include Mattel, airline operations at LAX, and technology offices that contribute to a diversified renter base.
- Mattel — consumer products (3.7 miles) — HQ
- Southwest Airlines Counter — airline operations (5.1 miles)
- Symantec — technology offices (6.8 miles)
- Microsoft Offices The Reserves — technology offices (7.4 miles)
- Air Products & Chemicals — industrial gases (8.4 miles)
This 32‑unit, 1988 vintage asset benefits from a renter‑heavy neighborhood with solid occupancy and strong urban amenity access. Elevated ownership costs in the area tend to reinforce reliance on rental housing, while amenity density and proximity to major employers support day‑to‑day livability and leasing velocity. According to commercial real estate analysis from WDSuite, neighborhood occupancy sits in a healthy range and income performance benchmarks are competitive versus national medians, framing a constructive backdrop for durable operations.
Vintage positioning offers a practical value‑add path: newer than the local 1970s average, yet old enough to warrant targeted system updates and unit refreshes that can sharpen competitive standing against renovated comps. Forward‑looking neighborhood demographics within a 3‑mile radius point to modest population growth and a meaningful increase in households alongside smaller household sizes—trends that generally expand the renter pool and support occupancy stability. Operators should balance this with prudent lease management given area rent‑to‑income readings and mixed school ratings.
- Renter‑heavy neighborhood supports depth of tenant demand and steady leasing
- 1988 vintage offers value‑add through selective modernization versus older local stock
- Strong urban amenity access and proximity to major employers aid retention
- Household growth and smaller household sizes (3‑mile radius) support the renter pool
- Risks: affordability pressure (rent‑to‑income) and below‑average school ratings warrant proactive lease and asset management