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.
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
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: 11/22/2024, 4:20:50 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
DATE
EVENT
PRICE
Dec 19, 2019
Dec 19, 2019Home Sold
$1,600,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
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.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Esperanza Elementary
680 Little St
Distance between this listing and this school0.35 miles
Public District Grades KG-5
4
/10
10th Street Elementary School
1000 Grattan St
Distance between this listing and this school0.39 miles
Public District Grades 1-5
7
/10
Equitas Academy #3 Charter
1050 Beacon Ave
Distance between this listing and this school0.51 miles
Public Charter Grades KG-4
Nearby Schools
4
/10
John Liechty Middle School
650 S Union Ave
Distance between this listing and this school0.25 miles
Public District Grades 6-8
5
/10
Camino Nuevo Charter Academy
697 S Burlington Ave
Distance between this listing and this school0.44 miles
Public Charter Grades KG-8
4
/10
Sal Castro Middle School
1575 W 2nd St
Distance between this listing and this school0.74 miles
Public District Grades 6-8
Nearby Schools
4
/10
Miguel Contreras Learning Complex - School of Business & Tourism
322 Lucas Ave
Distance between this listing and this school0.55 miles
Public District Grades 9-12
3
/10
Miguel Contreras Learning Complex - School of Social Justice
322 Lucas Ave
Distance between this listing and this school0.55 miles
Public District Grades 9-12
4
/10
Miguel Contreras Learning Complex - Academic Leadership Community
322 Lucas Ave
Distance between this listing and this school0.55 miles
The neighbors living near this home have an average income of $38,294. Most Los Angeles, CA residents have annual incomes less than $35k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
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).
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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.
In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.
From Rocket Homes Real Estate and based on county public records data.
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. 
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