726 Hartford Ave Los Angeles, CA 90017
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 726 Hartford Ave
- Property type
- Commercial real estate
- APN
- 5143-009-005
Description
This exceptional 18,705-square-foot land parcel presents a rare high-density development opportunity in Los Angeles, California. Located at 726 Hartford Ave, Los Angeles, CA 90017, this property is zoned R5(CW)-U/6, offering significant potential for residential construction. Preliminary plans are in place for a 112-unit development, but the actual density is largely unrestricted due to applicable state and city incentives, potentially allowing for significantly more units. The property's location within a half-mile of LA Live/Crypto.com Arena and Downtown Los Angeles, coupled with its proximity to the 110, 10, and 101 freeways, provides unparalleled access to employment centers, entertainment venues, and public transportation. No parking is required due to the site's convenient location near transit. The asking price is $6,500,000, translating to approximately $348 per square foot. The lot is graded and previously improved, with existing structures demolished. This presents a unique opportunity to create a high-density residential project catering to the significant demand for housing in this vibrant area of Los Angeles. The property's potential aligns well with initiatives promoting affordable housing, offering developers a compelling opportunity to create a valuable and impactful project. The site is also within walking distance of popular concert venues and is attractive to USC students and young professionals. This is an ideal location to pursue an ED1 project, delivering affordable housing with access to Downtown LA amenities and transit.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.2675974
- Latitude
- 34.0512943
