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722 Hartford Ave, Los Angeles, CA 90017
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722 Hartford Ave Los Angeles, CA 90017

$4,495,000
  • 4 Beds
  • 27 Baths
  • 16,056 Sq.Ft.
For Sale
$4,495,000 Get Pre-Qualified
Map preview of 722 Hartford Ave, Los Angeles, CA 90017

Property Overview: 722 Hartford Ave Los Angeles, CA has 4 bedrooms, 27 bathrooms, 16,056 living square feet and 6,218 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 722 Hartford Street, or the Capulet Apartments, is a 27-unit apartment community located near DTLA in the Westlake sub-market. Conveniently located in the City West neighborhood of downtown, Capulet Apartments is near a huge array of retail, entertainment, and other services and the 7th Street subway station that connects you to the Red and Purple subway lines. It features a strong unit mix of Twenty-Three (23) Studio apartments and Four (4) 1-bedroom apartments. Ownership has conducted property-wide improvements, including private-gated access, a newly designed courtyard with murals from local artists, and many of the units have been renovated with new wood flooring, updated bathrooms and kitchens, vaulted ceilings, and ceiling fans. There's onsite laundry for tenants and nearby parking available at the corner of 7th and Ingraham. Current ownership has completed the plans and has ready-to-issue permits to build two 1-Bedrooms ADUs. Additionally, investors may benefit from assuming the current Chase Loan of $3M at 3.61% through April 2025.

Listed by Nick Astrupgaard | BRE #01893466 | KW Commercial Studio City
Co-listed by Rich Johns | BRE #01432215 | KW Commercial Studio City
Last checked: 5 minutes ago | Last updated: June 14th, 2024 | Source CRMLS | DOM: 25
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Home details

Lot Sq. Ft
6,218
HOA Dues
$0/mo
Year built
1917
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24401345
City
Los Angeles
County
Los Angeles
Time on Site
24 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 27
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,386
  • Total Rent: $5,543
  • Pro Forma/Market Rent: $6,600
Unit Breakdown 2
  • # of Units: 23
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,244
  • Total Rent: $28,614
  • Pro Forma/Market Rent: $34,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.3%
  • Gross Rent Multiplier: 10.4
  • Gross Scheduled Income: --
  • Net Operating Income: $236,744
  • Gross Operating Income: $419,720
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 722 Hartford Ave

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Property Details for 722 Hartford Ave

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Three Or More
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Street, Off Site
Property Information
  • Total # of Units: 27
  • Parcel Number: 5143009006
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Attractive Location near DTLA in Westlake / City West
View more facts & features

Local Los Angeles Agent

Sale History for 722 Hartford Ave

Last sold for $4,600,000 on January 17th, 2018

  • June, 2024

  • Jun 6, 2024

    Date

    Active

    CRMLS: 24401345

    $4,495,000

    Price

  • August, 2023

  • Aug 31, 2023

    Date

    Expired

    CRMLS: 23244423

    $4,950,000

    Price

  • Feb 23, 2023

    Date

    Active

    CRMLS: 23244423

    $5,300,000

    Price

  • Listing provided courtesy of CRMLS

    Built in 1917, Capulet Apartments a well-maintained twenty-seven-unit apartment building. The 16,056 SF structure sits on a 0.15 AC lot. With a Brooklyn-style brick exterior, the property is comprised of (23) studio units and (4) one-bedroom one-bath units in a four-story structure. On the corner of Hartford Avenue and 7th Street, Capulet Apartments features a gated entry and multiples fire escapes along the front and sides of the building. Capulet Apartments is located in the Westlake submarket of Los Angeles, which is undergoing an immense revitalization through developments and gentrification. Just down the street is a brand-new construction twenty-four-unit apartment building. The area is known for its Victorian style homes and apartments and its historic MacArthur Park. Local amenities include Loyola Law School, Vista Hermosa Natural Park, and Hope & Peace Park.

  • January, 2018

  • Jan 17, 2018

    Date

    Sold (Public Records)

    Public Records

    $4,600,000

    Price

  • January, 2018

  • Jan 17, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 722 Hartford Ave

Assessed Value (2020): $4,798,138
Year Land Value Improved Value Assessed Value
2020 $3,121,200 $1,676,938 $4,798,138

Home Value Compared to the Market

This property vs the competition

722 Hartford Ave is listed 263.67% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $279.96 per/sqft which puts the price per square foot 63.88% lower than the median price per square foot for the city of Los Angeles.

About 722 Hartford Ave

Detailed summary of property

722 Hartford Ave is a multi family located in Los Angeles, CA 90017 and is currently for sale. This multi family property offers 4 bedrooms, 27 bathrooms, roughly 16,056 living square feet, and sits on an approximately 6,218 square foot lot. 722 Hartford Ave was first listed on ArdentRealEstateGroup.com on June 7, 2024. The homeowner is currently asking $4,495,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 263.67% higher than the median priced home. Local competing homes currently for sale include 2610 Kenwood Ave, 3421 Larissa Dr and 1651 Redcliff St. While the average home in Los Angeles, CA is selling in 99 days, 722 Hartford Ave has a days on market of 25 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 722 Hartford Ave Los Angeles, CA 90017 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 722 Hartford Ave

Public county record property details
Beds
--
Baths
--
Year built
1917
Sq. Ft.
16,056
Lot Size
6,217
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
38
APN
5143-009-006

The source for these homes facts are from public records.

90017 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$639,999
Median List Price/Sq.Ft.
$732
Median Sold Price
$450,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
98
Median Sale to List Price %
92.02%
Avg Days on Market
101
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (16.67%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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