5 months on rocket

726 Hartford Ave, Los Angeles, CA, 90017

$6,500,000

0.43 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ViewNone
MLS #24414477
Lot Size0.43 Acres
StatusActive

About 726 Hartford Ave

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

Property Features

Listing Office:

  • Office Name: Maher Commercial Realty
  • Office Phone: (310) 464-1453
  • Listing Agent: Oron Maher

Exterior Features

Exterior Information:

  • View: None

Lot Features

Lot Information:

  • Lot Size: 0.43 Acres

Other

Directions Information:

  • Directions: West on 8th Street, North on Hartford Avenue

Price Information

Listing Price Info

Price Summary:

  • List Price: $6,500,000

Tax Information:

  • Annual Amount: $19,407
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

726 Hartford Ave vs Los Angeles

163 DAYS ON ROCKET

+125 Days

$6,500,000

+$5.4M More

KEY TAKEAWAY

This property is $5.4M more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24414477

Listing Office:

  • Office Name: Maher Commercial Realty
  • Office Phone: (310) 464-1453
  • Listing Agent: Oron Maher

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/23/2024, 5:15:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 19, 2019Home Sold
$1,600,000

Tax History

YEARPROP. TAXASSESSMENT
2021$19,407$1,616,576
2020$1,031$1,600,000
2019$956$60,383
2018$942$59,200
2017$942$58,041

History based on county public records data.

Payment Calculator

$32.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$19.5K

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1144621
5
/10
  • Esperanza Elementary

  • 680 Little St

  • 0.35 miles

  • Public District Grades KG-5

school-card-donut-1144622
4
/10
  • 10th Street Elementary School

  • 1000 Grattan St

  • 0.39 miles

  • Public District Grades 1-5

school-card-donut-1144623
7
/10
  • Equitas Academy #3 Charter

  • 1050 Beacon Ave

  • 0.51 miles

  • Public Charter Grades KG-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,294. Most Los Angeles, CA residents have annual incomes less than $35k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 726 Hartford Ave

What is the listing price of this property?

The listing price of 726 Hartford Ave property is $6,500,000.

What type of property is this?

The property 726 Hartford Ave is land located in Los Angeles, California, 90017.

Is this property for sale now?

Active Listing: 726 Hartford Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $19,407 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 19, 2019 for $1,600,000. (source: MLS/tax record).

How much acreage is this property?

The property 726 Hartford Ave is 0.43 acres.
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Rocket HomesCaliforniaLos Angeles CountyLos Angeles90017726 Hartford Ave

This home is located at 726 Hartford Ave in Los Angeles, CA and zip code 90017 in the Central LA neighborhood. This home sits on a 0.43 acre lot. It has been listed on Rocket Homes since July 12, 2024 and is currently priced at $6,500,000.

Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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