| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 40th | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14522 Eastwood Ave, Lawndale, CA, 90260, US |
| Region / Metro | Lawndale |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | 1994-09-27 |
| Transaction Price | $1,617,837 |
| Buyer | LIN S GROUP |
| Seller | STATE STREET BANK & TRUST COMPANY |
14522 Eastwood Ave Lawndale Multifamily Investment
This 24-unit property benefits from strong neighborhood-level occupancy at 96% and a high concentration of renter-occupied housing units at 64%, according to CRE market data from WDSuite.
The Lawndale neighborhood ranks in the top quartile nationally for amenities, with exceptional access to childcare facilities (99th percentile nationally) and grocery stores (98th percentile nationally). The area maintains strong occupancy fundamentals, with neighborhood-level occupancy at 96% ranking in the 77th percentile nationally among the 1,441 metro neighborhoods.
Built in 1988, this property aligns with the neighborhood's average construction year of 1969, positioning it as newer vintage that may require less immediate capital expenditure compared to older area stock. The neighborhood demonstrates solid rental demand fundamentals, with 64% of housing units renter-occupied, ranking in the 95th percentile nationally and supporting sustained multifamily demand.
Demographics within a 3-mile radius show a stable tenant base with 261,336 residents and median household income of $92,634. Forecasted population growth of 2.6% through 2028 and projected household formation of 38% should expand the renter pool. Current median contract rent of $1,783 has grown 34% over five years, while forecasted rent growth of 40% through 2028 suggests continued pricing power potential.
Home values averaging $804,812 with a 10.8 value-to-income ratio in the 98th percentile nationally reinforce rental demand by keeping ownership costs elevated relative to household incomes. This dynamic sustains renter reliance on multifamily housing and supports tenant retention in the area.
Property crime rates rank in the 23rd percentile nationally among neighborhoods, indicating higher crime levels compared to most metro areas. However, recent trends show improvement with property crime declining 27% year-over-year, ranking in the 71st percentile nationally for crime reduction among the 1,441 Los Angeles metro neighborhoods.
Violent crime rates remain above metro averages, though investors should evaluate security measures and tenant screening protocols as part of comprehensive risk management. The improving property crime trend suggests potential for continued stabilization in the area's safety profile.
The property benefits from proximity to major corporate employers that support workforce housing demand, including toy manufacturing, aerospace, and technology companies within commuting distance.
- Mattel — toy manufacturing (2.9 miles) — HQ
- Southwest Airlines Counter — aviation services (4.5 miles)
- Symantec — cybersecurity technology (6.6 miles)
- Microsoft Offices The Reserves — technology (7.0 miles)
- Air Products & Chemicals — industrial chemicals (8.9 miles)
This 24-unit property built in 1988 capitalizes on strong neighborhood fundamentals including 96% occupancy rates and exceptional amenity access ranking in the top quartile nationally. The area's 64% renter-occupied housing share in the 95th percentile nationally demonstrates sustained multifamily demand, while elevated home values with a 10.8 value-to-income ratio reinforce rental market reliance by keeping ownership costs high relative to household incomes.
Demographics within a 3-mile radius support long-term stability with forecasted population growth of 2.6% and household formation of 38% through 2028 expanding the tenant base. Current median rents of $1,783 with 34% five-year growth and projected 40% growth through 2028 indicate continued pricing power potential, based on multifamily property research from the area's strong employment base anchored by major corporate headquarters including Mattel.
- Strong occupancy fundamentals with 96% neighborhood-level occupancy ranking 77th percentile nationally
- High renter concentration at 64% of housing units supports sustained multifamily demand
- Forecasted household growth of 38% through 2028 should expand tenant base
- Elevated home values create affordability barriers that reinforce rental demand
- Risk consideration: Property crime rates above metro averages require enhanced security protocols