Multifamily
762 Hartford Avenue
762 Hartford Ave, Los Angeles, CA 90017
Listing Price: $2,400,000
Investment Overview
Marcus & Millichap , as the exclusive listing agent, is pleased to offer for sale a 24-unit apartment community located at 762 South Hartford Avenue. The subject property is situated west of the 110 Freeway and south of Wilshire Boulevard.
Positioned on a 7,096-square-foot parcel, the property is comprised of 22 studios and two one-bedroom units and is being offered at an attractive basis of $100,000 per unit and $181 per square foot, with 27% remaining rental upside through unit renovations.
The property is in close proximity to multiple venues for the 2028 Summer Olympics, including the LA Memorial Coliseum, Crypto.com Arena, and BMO Stadium, which bode well for the long-term prospects of the neighborhood.
762 South Hartford Avenue offers investors a compelling opportunity to acquire an asset with a strong value-add component and to capitalize on the continued westward expansion and revitalization of the Downtown submarket.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
762 Hartford Avenue
Investment Highlights
- There is 27 percent remaining rental upside through interior renovations
- The property is being offered at an attractive basis of $100,000 per unit and $181/SF
- The main panel has been upgraded within the last 10 years to a 400-amp Siemens system providing an excellent physical plant and insurability (Buyer to verify)
- Located in a dense pocket approximately one mile from the LA Convention Center, LA Live, and Crypto Arena. With a Walk Score of 93, most daily errands can be accomplished on foot
- The property has been owned for 50+ years, offering a rare acquisition opportunity
- Close proximity to 2028 Olympic venues
Exclusively Listed By
Financing By
Listing Price: $2,400,000
Investment Highlights
- There is 27 percent remaining rental upside through interior renovations
- The property is being offered at an attractive basis of $100,000 per unit and $181/SF
- The main panel has been upgraded within the last 10 years to a 400-amp Siemens system providing an excellent physical plant and insurability (Buyer to verify)
- Located in a dense pocket approximately one mile from the LA Convention Center, LA Live, and Crypto Arena. With a Walk Score of 93, most daily errands can be accomplished on foot
- The property has been owned for 50+ years, offering a rare acquisition opportunity
- Close proximity to 2028 Olympic venues
Investment Overview
Marcus & Millichap , as the exclusive listing agent, is pleased to offer for sale a 24-unit apartment community located at 762 South Hartford Avenue. The subject property is situated west of the 110 Freeway and south of Wilshire Boulevard. Positioned on a 7,096-square-foot parcel, the property is comprised of 22 studios and two one-bedroom units and is being offered at an attractive basis of $100,000 per unit and $181 per square foot, with 27% remaining rental upside through unit renovations. The property is in close proximity to multiple venues for the 2028 Summer Olympics, including the LA Memorial Coliseum, Crypto.com Arena, and BMO Stadium, which bode well for the long-term prospects of the neighborhood. 762 South Hartford Avenue offers investors a compelling opportunity to acquire an asset with a strong value-add component and to capitalize on the continued westward expansion and revitalization of the Downtown submarket. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Exclusively Listed By
Financing By
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