| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14428 Cerise Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1986 |
| Units | 22 |
| Transaction Date | 1997-05-21 |
| Transaction Price | $1,185,000 |
| Buyer | ML ALBANY15 LLC |
| Seller | MANGALICK FAMILY PARTNERSHIP LP |
14428 Cerise Ave Hawthorne Multifamily Investment
This 22-unit property benefits from strong neighborhood-level rental demand, with 85% of housing units occupied by renters. The area demonstrates above-average occupancy stability at 95.1%, according to CRE market data from WDSuite.
Located in an Urban Core neighborhood with a B+ rating among 1,441 metro neighborhoods, this Hawthorne location ranks in the top quartile nationally for rental occupancy share. The neighborhood demonstrates strong fundamentals for multifamily investment, with 85% of housing units renter-occupied and occupancy rates maintaining 95.1% stability.
Built in 1986, this property aligns with the neighborhood's average construction year of 1976, positioning it well within the established building stock while potentially offering value-add renovation opportunities. The area's median contract rent of $1,632 has grown 48% over five years, reflecting sustained rental demand in this Los Angeles submarket.
Demographics within a 3-mile radius show a stable tenant base of 270,000 residents, with 57% of households renting and a median household income of $84,000. Forecasted population growth of 1.6% through 2028, combined with projected household formation increasing 36%, supports expanding rental demand. The neighborhood offers strong amenity access with grocery stores ranking in the 99th percentile nationally for density, supporting tenant retention and lease-up velocity.
Home values averaging $602,000 with 57% growth over five years reinforce rental demand, as elevated ownership costs keep households in the rental market. The rent-to-income ratio indicates affordability considerations for lease management, though the area's employment base and transit access continue supporting occupancy stability.
Crime metrics show this neighborhood performing above the metro median, ranking 580th among 1,441 Los Angeles area neighborhoods and placing in the 64th percentile nationally. Property crime rates have declined 16% year-over-year, while violent crime has decreased significantly by 59%, indicating improving safety trends that support tenant retention and property values.
The neighborhood's safety profile compares favorably to regional averages, with both property and violent crime rates trending downward. These improvements in public safety metrics can positively impact lease renewals and support stable occupancy for multifamily properties in the area.
The area benefits from proximity to major corporate employers that support workforce housing demand, including entertainment, technology, and industrial companies within commuting distance.
- Mattel — toy manufacturing and entertainment (3.7 miles) — HQ
- Southwest Airlines Counter — aviation services (5.1 miles)
- Symantec — cybersecurity technology (6.9 miles)
- Microsoft Offices The Reserves — technology services (7.5 miles)
- Air Products & Chemicals — industrial manufacturing (8.3 miles)
This 22-unit Hawthorne property offers stable fundamentals in a neighborhood with 95.1% occupancy and 85% rental tenure, significantly above national averages. The 1986 construction year presents potential value-add opportunities while maintaining competitive positioning within the established neighborhood building stock. Strong demographic trends support long-term rental demand, with household formation projected to increase 36% through 2028 within the 3-mile radius.
According to multifamily property research from WDSuite, the area demonstrates resilient rental fundamentals with contract rents growing 48% over five years and home values rising 57%, reinforcing rental demand through elevated ownership costs. The neighborhood's Urban Core classification and proximity to major employers including Mattel headquarters provide workforce housing appeal and commute convenience for tenants.
- Strong occupancy fundamentals with 95.1% neighborhood-level stability
- High rental tenure at 85% of housing units, supporting demand depth
- Value-add potential through 1986 vintage with renovation upside
- Projected household growth of 36% supporting tenant base expansion
- Risk consideration: Rent-to-income ratios require careful lease management and renewal strategies