Listing by: Oron Maher, Maher Commercial Realty

0 Beds

n/a Full bath

n/a SqFt

Active

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.

Property Details
Price $6,500,000
Lot Size Area 18705
Lot Size Area Units Square Feet
Acres 0.4294
Property Type Land
View None
Geographic Data
Directions West on 8th Street, North on Hartford Avenue
County Los Angeles
Latitude 34.051246
Longitude -118.267528
Market Area C42 - Downtown L.A.
Address Information
Address 726 Hartford Avenue, Los Angeles, CA 90017
Postal Code 90017
City Los Angeles
State CA
Country United States
Listing Information
Listing Office Maher Commercial Realty
Listing Agent Oron Maher
Special listing conditions Standard
MLS Information
Days on market 98
MLS Status Active
Listing Date Jul 12, 2024
Listing Last Modified Oct 18, 2024
Tax ID 5143009005
MLS Area C42 - Downtown L.A.
MLS # 24414477

This information is believed to be accurate, but without any warranty.
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