| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3330 W 147th St, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1988 |
| Units | 32 |
| Transaction Date | 1999-08-27 |
| Transaction Price | $2,100,000 |
| Buyer | MANNING RIDDELL LLC |
| Seller | REALPRO INVESTMENTS |
3330 W 147th St Hawthorne Multifamily Investment
Renter demand is supported by a high share of renter-occupied units and neighborhood occupancy near the mid‑90s, according to WDSuite’s CRE market data. This asset offers exposure to an Urban Core pocket of Los Angeles County with durable leasing fundamentals and proximity to major employers.
Location fundamentals favor multifamily. The neighborhood shows a high renter concentration (share of housing units that are renter-occupied) at 84.9%, which deepens the tenant base and can support leasing velocity. Neighborhood occupancy is approximately 95.1% (71st percentile nationally), indicating steady renter demand relative to many U.S. submarkets based on WDSuite’s commercial real estate analysis.
Daily needs are well-covered: grocery access ranks in the 99th percentile nationally, with restaurants and cafes both around the 90th percentile, and pharmacies near the 89th percentile. Park access is limited (lowest metro rank among 1,441 Los Angeles-Long Beach-Glendale neighborhoods), so outdoor space and on-site amenities may matter more for resident retention.
Housing context points to sustained rental reliance. Median home values sit high for the area (89th percentile nationally) and value-to-income is elevated, a combination that tends to reinforce reliance on multifamily housing and can support pricing power. At the same time, a rent-to-income ratio around 31% suggests some affordability pressure, making renewal management and unit mix strategy important for stable NOI.
Property vintage fits the competitive set: the average neighborhood construction year is 1976, while this property was built in 1988. Being newer than much of the local stock can enhance competitive positioning; however, investors should still plan for aging systems and targeted modernization to maintain appeal.
Within a 3-mile radius, demographics indicate a large, diversified population base today with forecast household growth through 2028 alongside smaller average household sizes. This points to a potential renter pool expansion and supports occupancy stability, based on WDSuite’s CRE market data.
Safety metrics are mixed but improving. The neighborhood’s overall safety profile sits above the national median (64th percentile nationwide). Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the area trends mid-pack, reflecting typical Urban Core dynamics rather than outlier risk.
Recent trends are constructive: WDSuite’s data show a notable year-over-year decrease in violent offense rates and a double-digit decline in property offenses, signaling directional improvement. As always, investors should underwrite with current insurance quotes and practical security measures aligned to property age and resident profile.
Proximity to major employers underpins workforce housing demand and commute convenience, notably Mattel, Southwest Airlines, Symantec, Microsoft, and Air Products & Chemicals.
- Mattel — consumer products HQ (3.8 miles) — HQ
- Southwest Airlines Counter — airline operations (5.3 miles)
- Symantec — cybersecurity offices (7.0 miles)
- Microsoft Offices The Reserves — software offices (7.6 miles)
- Air Products & Chemicals — industrial gases offices (8.2 miles)
This 32‑unit, 1988‑built asset provides exposure to a renter-heavy Urban Core submarket where neighborhood occupancy hovers near 95%. Being newer than the neighborhood average construction year (1976) supports competitive positioning versus older stock, while still warranting targeted capital planning for systems and finishes. Elevated home values in the area encourage continued renter reliance, and deep amenity coverage reinforces day‑to‑day livability that can aid retention, according to CRE market data from WDSuite.
Investor considerations include affordability pressure (rent-to-income near 31%) and modest school quality, which call for careful renewal strategy, amenity programming, and unit finishes aligned to workforce demand. Nearby corporate anchors and transportation connectivity in Los Angeles County support steady leasing and income durability through cycles.
- Renter-heavy neighborhood with occupancy around 95% supports leasing stability
- 1988 construction offers competitive positioning versus older local stock with targeted value-add potential
- High-cost ownership market reinforces reliance on multifamily and pricing power
- Strong amenity access and proximity to major employers support tenant retention
- Risks: affordability pressure and lower school ratings require proactive renewal and asset management