| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 25th | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12909 Cordary Ave, Hawthorne, CA, 90250, US |
| Region / Metro | Hawthorne |
| Year of Construction | 1986 |
| Units | 22 |
| Transaction Date | 2023-05-01 |
| Transaction Price | $1,500,000 |
| Buyer | NANCY A SOMERS LIVING TRUST |
| Seller | LUDWIG LORILYN |
12909 Cordary Ave Hawthorne Multifamily Demand Signal
Neighborhood occupancy is notably tight and renter demand is deep for this Urban Core pocket of Hawthorne, according to WDSuite’s CRE market data, supporting stable leasing fundamentals. Investors should view this as a renter-first area where sustained absorption and retention are more likely than volatile vacancy swings.
This Urban Core location in Hawthorne shows durable renter dynamics: the neighborhood’s occupancy rate is high (93rd percentile nationally) and the share of housing units that are renter-occupied is elevated, indicating a wide tenant base and support for leasing stability. Within the Los Angeles-Long Beach-Glendale metro’s 1,441 neighborhoods, the area’s occupancy rank (166 of 1,441) places it in the top quartile nationally for occupancy resilience.
Livability is mixed but serviceable for workforce renters. Park access is a relative strength (98th percentile nationally), while immediate walk-to retail like groceries, pharmacies, and cafés is limited in the neighborhood footprint; residents typically rely on broader corridor retail patterns common in Greater Los Angeles. School ratings sit in the lower national quartile, which may influence family-oriented demand but is less determinative for adult-heavy renter profiles.
Home values score in a high-cost ownership context (95th percentile nationally). In practice, elevated ownership costs tend to reinforce reliance on multifamily housing and can support pricing power and retention when paired with strong occupancy. At the same time, rent-to-income levels point to affordability pressure, suggesting attentive lease management and renewal strategies will matter for minimizing turnover.
Within a 3-mile radius, demographics show a modest population dip alongside a slight increase in households and a projected rise in household counts with smaller average household sizes over the next five years. That shift generally points to a larger renter pool and steady absorption potential for appropriately positioned units, based on CRE market data from WDSuite.
Vintage is an advantage here: the property’s 1986 construction is newer than the neighborhood’s average vintage (1966). That generally supports competitive positioning versus older stock, while still warranting targeted modernization of building systems and common areas to meet current renter expectations.
Safety signals are mixed in a way typical of dense Los Angeles neighborhoods. The area’s overall crime standing aligns closer to the national middle (42nd percentile), yet category-level indicators point more favorably: both property and violent offense measures compare above the national median (around the mid‑60s to low‑70s percentiles), suggesting relatively better outcomes than many urban peers nationwide.
Framed within the Los Angeles-Long Beach-Glendale metro’s 1,441 neighborhoods, the crime rank indicates conditions that are not among the metro’s safest tier but also not among its most challenged. Investors should underwrite with standard urban best practices—lighting, access control, and community management—rather than assuming block-level uniformity.
Nearby employers span consumer products, aviation services, cybersecurity, enterprise software, and industrial gases—providing a broad commuter base that supports renter demand and lease retention for workforce housing.
- Mattel — consumer products/toys (2.9 miles) — HQ
- Southwest Airlines Counter — aviation services (4.1 miles)
- Symantec — cybersecurity (5.7 miles)
- Microsoft Offices The Reserves — software (6.4 miles)
- Air Products & Chemicals — industrial gases (9.5 miles)
12909 Cordary Ave offers a smaller-scale multifamily footprint in a renter-heavy Urban Core submarket where neighborhood occupancy ranks favorably and homeownership costs sit well above national norms. This combination supports depth of tenant demand and pricing resilience, while the 1986 vintage provides a competitive edge versus older nearby stock—though selective system upgrades and unit refreshes may unlock additional yield.
Within a 3-mile radius, households have trended up and are projected to continue rising even as average household size declines, implying a broader renter pool and steady absorption. According to CRE market data from WDSuite, rent levels in the area have trended upward and are forecast to continue, reinforcing the case for disciplined revenue management; however, rent-to-income pressures and mixed school quality point to careful underwriting and proactive renewal strategies.
- High neighborhood occupancy and strong renter concentration support leasing stability
- 1986 construction offers competitive positioning versus older local inventory with value-add upside
- High-cost ownership market underpins multifamily demand and pricing power
- Diverse nearby employers broaden the commuter tenant base
- Risks: renter affordability pressure, limited immediate walk-to retail, and urban safety considerations