726 Hartford Avenue, Los Angeles
Los Angeles Home For Sale
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
Additional Information
-
- City:
- Los Angeles
-
- County:
- Los Angeles
-
- Zip:
- 90017
-
- MLS® #:
- 24414477
-
- Lot Size:
- 0.43
-
- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of July 12th, 2024 at 5:25pm PDT. 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.