Hawthorne
Hawthorne is an established South Bay multifamily market positioned near LAX, El Segundo and Inglewood’s expanding sports and entertainment district. The city contains a varied rental inventory that includes duplexes, smaller apartment buildings and larger multifamily communities located near its principal commercial corridors. Hawthorne’s central location provides convenient access to the 105, 405 and 110 freeways, while the Hawthorne/Lennox C Line station connects residents with LAX and employment centers across Los Angeles County. The local economy maintains strong ties to aerospace, advanced manufacturing and technology, supported by SpaceX, Hawthorne Municipal Airport and other regional employers. Proximity to SoFi Stadium, Intuit Dome and the broader South Bay employment base further strengthens housing demand. For investors, Hawthorne offers opportunities to renovate established workforce-housing properties and participate in continued regional reinvestment.
MARKET OVERVIEW
Source: CoStar | Hawthorne Multifamily | 2025
Units Sold
302
Rent Growth (YoY)
0.9%
Average Cap Rate
5.1%
Vacancy Rate
3.7%
Average Price Per Unit
$232,044
Average Rent
$1,247
Average Sale Price
$1.9M
Total Transactions
36
EMPLOYMENT DRIVERS
Hawthorne’s employment base is anchored by aerospace, technology and advanced manufacturing, with SpaceX and Hawthorne Municipal Airport serving as prominent local drivers. Nearby LAX supports aviation, logistics, hospitality and construction employment, while El Segundo provides additional aerospace and professional jobs. SoFi Stadium and Intuit Dome contribute entertainment, retail and service-sector opportunities.
TENANT PROFILE
Hawthorne has a predominantly renter-based and culturally diverse population composed of working households, families and professionals. Renters are drawn to the city’s comparatively accessible housing, central South Bay location and proximity to LAX, El Segundo and Inglewood. The community’s apartment inventory accommodates individual renters, couples and larger households employed throughout the surrounding region.