| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 35th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3505 W 139th St, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1973 |
| Units | 58 |
| Transaction Date | 1993-11-30 |
| Transaction Price | $1,450,000 |
| Buyer | HAWTHORNE CHATEAU APARTMENTS LTD |
| Seller | FIDELITY FEDERAL BANK |
3505 W 139th St Hawthorne Multifamily Opportunity
Renter demand is supported by a high neighborhood renter-occupied share and steady, mid-90s occupancy, according to WDSuite’s CRE market data. This positioning in Hawthorne offers investors exposure to an Urban Core pocket of Los Angeles County with durable leasing fundamentals.
Located in an Urban Core area of Los Angeles County with a B+ neighborhood rating, the property benefits from depth of renter demand. The neighborhood’s occupancy is in the mid-90s and ranks in the 71st percentile nationally, suggesting relatively stable leasing dynamics versus many U.S. submarkets. A very high share of housing units are renter-occupied (neighborhood-level), indicating a broad tenant base and consistent apartment absorption for multifamily owners.
Daily needs are well covered: grocery and pharmacy access both sit near the top decile nationally, and restaurant and cafe density trends above national medians. These amenity concentrations typically support resident convenience and retention even without significant park access locally, which ranks at the bottom of the metro distribution among 1,441 neighborhoods.
Within a 3-mile radius, household counts are essentially flat in recent history but are projected to increase alongside smaller average household sizes by the next five-year window. That combination generally expands the renter pool and can support occupancy stability and leasing velocity. Median home values in the neighborhood are elevated for the region, and the value-to-income ratio sits in the top few percentiles nationally—conditions that tend to reinforce renter reliance on multifamily housing and can underpin pricing power where operations are well managed.
The asset’s 1973 vintage is slightly older than the neighborhood average year built, pointing to potential value-add through unit and common-area upgrades and the need for thoughtful capital planning on building systems. Neighborhood-level rent growth over the last cycle has been constructive, and median contract rents are above national norms, which supports a renovation thesis while keeping an eye on rent-to-income ratios for lease management.
Safety indicators for the neighborhood trend modestly better than national averages overall, with crime levels around the middle of Los Angeles metro peers (ranked near the metro median among 1,441 neighborhoods). Year-over-year, both property and violent offense rates have improved materially at the neighborhood level, which is a constructive signal for renter retention and leasing stability.
While conditions can vary block to block, recent declines in reported offenses suggest momentum in the right direction compared with national peers. Investors should continue monitoring local trends, property-level security measures, and resident feedback as part of ongoing risk management.
Proximity to major employers supports workforce housing demand and commute convenience, including Mattel, Southwest Airlines operations, cybersecurity and software offices, and industrial gases companies noted below.
- Mattel — toy manufacturing HQ (3.5 miles) — HQ
- Southwest Airlines Counter — airline operations (4.8 miles)
- Symantec — cybersecurity offices (6.5 miles)
- Microsoft Offices The Reserves — software offices (7.2 miles)
- Air Products & Chemicals — industrial gases (8.6 miles)
This 58-unit, 1973-vintage asset sits in a renter-heavy Urban Core pocket of Hawthorne where neighborhood occupancy has held in the mid-90s and ranks above national medians. Elevated ownership costs locally and a deep renter-occupied share at the neighborhood level support a resilient tenant base, while nearby employment nodes add leasing depth. Based on CRE market data from WDSuite, amenity density (grocers, pharmacies, restaurants) trends well above national norms, reinforcing daily convenience and retention potential.
The vintage creates clear value-add and capital planning angles: targeted interior updates and system modernization can help the property compete against newer stock while leveraging neighborhood-level rent growth momentum. At the same time, rent-to-income considerations and uneven school ratings suggest the need for disciplined leasing and renewal strategies.
- Renter-heavy neighborhood and mid-90s occupancy support steady demand and lease stability.
- Strong amenity access (grocers, pharmacies, dining) trends above national medians, aiding retention.
- 1973 vintage offers value-add potential via interiors and building systems modernization.
- Nearby employers (Mattel HQ, airline, tech) broaden the commuter tenant base.
- Risks: rent-to-income pressure and lower school ratings require careful leasing and renewal management.