722 Hartford Ave - Apartments FOR SALE


Los Angeles, CA 90017- City West
$3,700,000 USD
213-943-1897
722 Hartford Ave, Los Angeles, CA for Sale
$3,700,000 USD
Apartments - FOR SALE
1/26
null | 6.8% Cap Rate

722 Hartford Ave
Los Angeles, CA 90017
City West


HIGHLIGHTS

  • Renovated under current ownership with exposed-brick interiors, upgraded kitchens, new common-area flooring, and an improved back patio
  • Four-story historic brick building offering character, curb appeal, and an architectural identity that is increasingly rare in the DTLA rental market
  • Offered at $137,037 per unit, with stabilized operations producing a strong day-one yield and continued upside through unit turnover
  • Walk Score of 91 ("Walker's Paradise"), located 0.5 miles from 7th Street/Metro Center Station with direct access to Metro B, D, A, and E lines
  • Two blocks west of the Financial District and within walking distance of the LA Convention Center, Crypto.com Arena, LA Live, and Grand Hope Park
  • Strategically positioned near multiple 2028 Summer Olympic venues, including the LA Memorial Coliseum, Crypto.com Arena, and BMO Stadium

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 722 Hartford Avenue, a 27-unit apartment community located in the City West submarket of Downtown Los Angeles, just two blocks west of the Financial District. The property is a four-story red brick building originally constructed in 1917, comprised of 23 studios, three one-bedroom/one-bath units, and one one-bedroom/two-bath unit. Situated on a 6,218-square-foot lot, the 16,056-square-foot building is being offered at an attractive basis of $137,037 per unit, with a strong in-place yield supported by stabilized operations. The current ownership has thoughtfully maintained the asset, renovating units to expose the original brick walls, installing efficient kitchen systems designed for compact living, upgrading common-area hallway flooring, and improving the back patio and landscaping to create inviting community space for residents. 722 Hartford Avenue is positioned in one of the most walkable and transit-rich pockets of Los Angeles, with a Walk Score of 91 and the 7th Street/Metro Center Station less than a half-mile away, providing access to the Metro B, D, A, and E lines. The property is within walking distance of the LA Convention Center, Crypto.com Arena, LA Live, and Grand Hope Park, and offers excellent positioning relative to the 2028 Summer Olympic venues, including the LA Memorial Coliseum and BMO Stadium. The offering presents investors with a stabilized, well-maintained asset in a walkable infill location, with the optionality to capture continued upside through ongoing unit turnover and the long-term tailwinds of Downtown’s westward expansion. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

27

PRICE/UNIT

$137,037

CAP RATE

6.8%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

722 Hartford

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1917

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,218 SF

ZONING

LACW

APN/PARCEL ID

5143-009-006

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.