Properties

Los Angeles, CA 90017 726 Hartford Avenue

Pending
726 Hartford Avenue Los Angeles, CA - Image 1
Presented By: Oron Maher with Maher Commercial Realty;
  • MLS# 24414477
  • 07/12/2024
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We are proud to present for sale 726-740 Hartford Ave, a rare high-density development opportunity perfect for a developer utilizing LA City and State Incentives like ED1 and AB 2334. Project density is only limited by construction type choice, as AB 2334 allows for unlimited density, and the base zoning has no height limitation. The City of Los Angeles requires 100% affordable projects to be approved via a ministerial path, without a lengthy entitlement process. As a 100% affordable project, rents are limited to approximately $1,777 for Studios and $1,920 for 1 Beds which allows a developer to achieve a compelling rent per square foot if units are efficiently designed. No parking is required as the project is located close to transit. The location is within a half mile of LA Live/Crypto Area, and DTLA. Koreatown is a short 5 minute drive to the east, and is in close proximity to the 110, 10 and 101 freeways. The project can offer residents a unique urban lifestyle with access to cultural amenities, employment, entertainment, and education opportunities without the need to rely on automobiles. Downtown LA remains city's largest employment cluster, providing 16% of its jobs, and 47% of its office space. Downtown is home to over 90,000 residents, making it one of LA's most populous neighborhoods, with over 25,000 new residential units delivered since 2010. The immediate area around the project is home to many USC students and young professionals and is walkable to two popular concert venues. This is an ideal location to purse an ED1 project, a developer can deliver a product affordable to residents who benefit from Downtown LA amenities and access to transit.
Presented By: Oron Maher with Maher Commercial Realty;

Interior Features for 726 Hartford Avenue

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths

General for 726 Hartford Avenue

CityLos Angeles
CountyLos Angeles
DirectionsWest on 8th Street, North on Hartford Avenue
Full Baths
HOANo
Lot Size Square Feet18705
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
New ConstructionNo
PostalCityLOS ANGELES
Property TypeLand
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
ViewNone
ZoningR5(CW)-U/6

Exterior for 726 Hartford Avenue

Lot Size Acres0.4294
Lot Size Area18705
Lot Size SourceOther
Total Parking0

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $6,500,000
MLS#24414477
List Date 07/12/2024
Property Type Land
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
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info@connectrealty.com
2170 Buckthorne PL. #100
The Woodlands, TX 77380
866-938-0924
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