| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14427 Cerise Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1986 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14427 Cerise Ave Hawthorne Multifamily Investment
This 21-unit property built in 1986 benefits from neighborhood-level occupancy of 95.1% and strong renter demand in a market where 84.9% of housing units are renter-occupied, according to CRE market data from WDSuite.
The Hawthorne neighborhood ranks in the top quartile nationally for rental demand fundamentals, with 84.9% of housing units renter-occupied compared to typical suburban markets. This urban core location maintains 95.1% neighborhood-level occupancy, positioning above the 71st percentile nationally for occupancy stability. Median contract rents of $1,632 reflect competitive pricing within the Los Angeles metro, with 48.2% growth over the past five years indicating sustained demand.
Demographics within a 3-mile radius show a stable tenant base with 269,570 residents and household incomes averaging $105,308. The area benefits from strong amenity density, ranking in the 99th percentile nationally for grocery store access with 9.46 stores per square mile and 98th percentile for childcare facilities. This amenity concentration supports tenant retention and lease-up velocity for multifamily properties.
The 1986 construction year aligns with the neighborhood average vintage of 1976, suggesting opportunities for value-add improvements and modernization to capture rent premiums. Forecast data indicates household growth of 36.7% through 2028, with median household incomes projected to reach $115,022, supporting rental demand and potential for rent growth in this established urban core location.
Crime metrics show the neighborhood performing above the metro median, ranking 580th among 1,441 Los Angeles metro neighborhoods for overall crime levels. Property offense rates have declined 15.8% year-over-year, while violent crime has decreased significantly by 59.1%, placing the area in the 89th percentile nationally for violent crime improvement trends.
The current property offense rate of 99.8 incidents per 100,000 residents positions the neighborhood in the 66th percentile nationally, indicating moderate crime levels typical of urban core locations. These improving safety trends support tenant retention and property values in the broader market context.
The South Bay employment corridor provides diverse corporate anchors within commuting distance, supporting workforce housing demand for multifamily properties.
- Mattel — toy manufacturing and entertainment (3.6 miles) — HQ
- Southwest Airlines Counter — airline operations (5.1 miles)
- Symantec — cybersecurity technology (6.8 miles)
- Microsoft Offices The Reserves — technology services (7.4 miles)
- Air Products & Chemicals — industrial gases and chemicals (8.4 miles)
This 21-unit property benefits from strong multifamily fundamentals in an established urban core market. The neighborhood maintains 95.1% occupancy with 84.9% of housing units renter-occupied, indicating deep rental demand. Median household incomes of $105,308 within a 3-mile radius support current rent levels of $1,632, while projected household growth of 36.7% through 2028 suggests sustained tenant demand.
The 1986 vintage presents value-add opportunities through unit renovations and property improvements to capture rent premiums in a market showing 48.2% rent growth over five years. Commercial real estate analysis from WDSuite indicates the neighborhood ranks in the top quartile nationally for rental housing demand, supported by strong amenity density and employment proximity to major South Bay employers including Mattel headquarters.
- Strong rental demand with 84.9% of neighborhood housing units renter-occupied
- Stable occupancy at 95.1% neighborhood-level performance
- Value-add potential from 1986 vintage allowing unit modernization
- Projected household growth of 36.7% supporting long-term tenant demand
- Risk consideration: Rent-to-income ratios at 5th percentile nationally may limit rent growth potential