762 Hartford Ave - Apartments FOR SALE


Los Angeles, CA 90017- City West
$2,400,000 USD
213-943-1897
762 Hartford Ave, Los Angeles, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/11
null | 5.38% Cap Rate

762 Hartford Ave
Los Angeles, CA 90017
City West


HIGHLIGHTS

  • SUBSTANTIAL VALUE-ADD OPPORTUNITY: 27% rental upside potential through interior renovations.
  • ATTRACTIVE BASIS: Offered at $100K/unit or $181/SF, providing a strong entry price.
  • RECENT ELECTRICAL UPGRADE: 400-amp Siemens panel upgraded within 10 years (buyer to verify).
  • INFILL LOCATION: Prime area near LA Convention Center, LA Live & Crypto Arena; Walk Score 93.
  • LONG-TERM OWNERSHIP: Held for 50+ years, presenting a rare acquisition opportunity.
  • CLOSE TO 2028 OLYMPIC VENUE: Minutes from upcoming Olympic sites and major city attractions.

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 24-unit apartment community located at 762 South Hartford Avenue. The subject property is situated west of the 110 Freeway and south of Wilshire Boulevard. Positioned on a 7,096-square-foot parcel, the property is comprised of 22 studios and two one-bedroom units and is being offered at an attractive basis of $100,000 per unit and $181 per square foot, with 27% remaining rental upside through unit renovations. The property is in close proximity to multiple venues for the 2028 Summer Olympics, including the LA Memorial Coliseum, Crypto.com Arena, and BMO Stadium, which bode well for the long-term prospects of the neighborhood. 762 South Hartford Avenue offers investors a compelling opportunity to acquire an asset with a strong value-add component and to capitalize on the continued westward expansion and revitalization of the Downtown submarket. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

24

PRICE/UNIT

$100,000

CAP RATE

5.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1911

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,096 SF

ZONING

LACW

APN/PARCEL ID

5143-010-005

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.