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726 Hartford Ave, Los Angeles, CA 90017
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726 Hartford Ave Los Angeles, CA 90017

$7,995,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$7,995,000 Get Pre-Qualified
Map preview of 726 Hartford Ave, Los Angeles, CA 90017

Property Overview: 726 Hartford Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 18,705 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: 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.

Listed by Oron Maher | BRE #01299093 | Maher Commercial Realty
Co-listed by Jeremy Shore | BRE #02020539 | Maher Commercial Realty
Last checked: 10 minutes ago | Last updated: July 20th, 2024 | Source CRMLS | DOM: 63
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Home details

Lot Sq. Ft
18,705
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
24414477
City
Los Angeles
County
Los Angeles
Time on Site
68 days

Open Houses for 726 Hartford Ave

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Property Details for 726 Hartford Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Other
Property Information
  • No View
  • View: None
  • Parcel Number: 5143009005
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West on 8th Street, North on Hartford Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 726 Hartford Ave

Last sold for $1,600,000 on December 19th, 2019

  • July, 2024

  • Jul 12, 2024

    Date

    Active

    CRMLS: 24414477

    $7,995,000

    Price

  • December, 2019

  • Dec 19, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,600,000

    Price

  • January, 2018

  • Jan 2, 2018

    Date

    Expired

    CRMLS: RS16761916

    $1,275,000

    Price

  • Jul 12, 2017

    Date

    Hold

    CRMLS: RS16761916

    $1,275,000

    Price

  • Jul 12, 2017

    Date

    Active

    CRMLS: RS16761916

    $1,275,000

    Price

  • Mar 3, 2017

    Date

    Hold

    CRMLS: RS16761916

    $1,275,000

    Price

  • Feb 10, 2017

    Date

    Price Change

    CRMLS: RS16761916

    $1,275,000

    Price

  • Jan 14, 2017

    Date

    Price Change

    CRMLS: RS16761916

    $1,400,000

    Price

  • Dec 13, 2016

    Date

    Active

    CRMLS: RS16761916

    $1,450,000

    Price

  • Listing provided courtesy of CRMLS

    Motivated seller. One of a kind Duplex, Featuring a craftsman style 3 story duplex that was extensively remodeled between 2004 and 2006. Situated in the up and coming Downtown LA, city west master development area. One unit features a 2 bedroom 1 bath and the current owner's unit is 5 bedroom 2 bath. The interiors have high ceilings, central air and heating, hardwood floors in the first and second story and carpet on the third floor, each unit features tankless water heater, upgraded plumbing and electrical with recess lighting through out. Property is a must see and provides the ability to live and work downtown in the transformation of the downtown landscape. Why buy a condo or loft, when one can own this majestic property. Presenting a perfect opportunity for an owner that desires a property close to downtown restaurants, night life and the LA Live scene a lifestyle you'll enjoy everyday. An opportunity for a real estate investor that sees the income and up and coming potential of the area. Are you a developer that wants the property and it's land for it's highest and best use. This property is unique and there is nothing else like it. Seller is motivated to release the family heirloom, location, potential and opportunity. Motivated seller will consider a make sense offer, priced to sell.

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Tax History for 726 Hartford Ave

Assessed Value (2020): $1,600,000
Year Land Value Improved Value Assessed Value
2020 $1,200,000 $400,000 $1,600,000

Home Value Compared to the Market

This property vs the competition

726 Hartford Ave is listed 566.25% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000.

About 726 Hartford Ave

Detailed summary of property

726 Hartford Ave is a land located in Los Angeles, CA 90017 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 18,705 square foot lot. 726 Hartford Ave was first listed on ArdentRealEstateGroup.com on July 12, 2024. The homeowner is currently asking $7,995,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 566.25% higher than the median priced home. Local competing homes currently for sale include 15797 Foothill Blvd. While the average home in Los Angeles, CA is selling in 106 days, 726 Hartford Ave has a days on market of 63 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 726 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 726 Hartford Ave

Public county record property details
Beds
4
Baths
2
Year built
1905
Sq. Ft.
3,393
Lot Size
6,226
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
37
APN
5143-009-005

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
$600,000
Median List Price/Sq.Ft.
$747
Median Sold Price
$675,000
Median Sold Price/Sq.Ft.
$538
Total Inventory
100
Median Sale to List Price %
96.43%
Avg Days on Market
87
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (20%), 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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