722 HARTFORD AVENUE
27-Units in the City West Neighborhood of DTLA | $137K/Unit
Marketing description
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 722 Hartford Avenue, a 27-unit apartment community located in the City West submarket of Downtown Los Angeles, just two blocks west of the Financial District.
The property is a four-story red brick building originally constructed in 1917, comprised of 23 studios, three one-bedroom/one-bath units, and one one-bedroom/two-bath unit. Situated on a 6,218-square-foot lot, the 16,056-square-foot building is being offered at an attractive basis of $137,037 per unit, with a strong in-place yield supported by stabilized operations.
The current ownership has thoughtfully maintained the asset, renovating units to expose the original brick walls, installing efficient kitchen systems designed for compact living, upgrading common-area hallway flooring, and improving the back patio and landscaping to create inviting community space for residents.
722 Hartford Avenue is positioned in one of the most walkable and transit-rich pockets of Los Angeles, with a Walk Score of 91 and the 7th Street/Metro Center Station less than a half-mile away, providing access to the Metro B, D, A, and E lines. The property is within walking distance of the LA Convention Center, Crypto.com Arena, LA Live, and Grand Hope Park, and offers excellent positioning relative to the 2028 Summer Olympic venues, including the LA Memorial Coliseum and BMO Stadium.
The offering presents investors with a stabilized, well-maintained asset in a walkable infill location, with the optionality to capture continued upside through ongoing unit turnover and the long-term tailwinds of Downtown’s westward expansion.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Investment highlights
Well-Maintained, Turnkey Asset
The property has been thoughtfully renovated under current ownership, with exposed-brick interiors, upgraded kitchens, refreshed common-area flooring, and an improved back patio that serves as a community gathering space for tenants
Distinctive 1917 Red Brick Architecture
Four-story historic brick building offering character, curb appeal, and an architectural identity that is increasingly rare in the Downtown rental market
Attractive Basis with Strong In-Place Yield
Offered at $137,037 per unit, with stabilized operations producing a strong day-one yield and continued upside through unit turnover
Premier Walkability and Transit Access
Walk Score of 91 (“Walker’s Paradise”); located 0.5 miles from the 7th Street/Metro Center Station, providing direct access to the Metro B, D, A, and E lines
Well-Connected City West Location
Two blocks west of the Financial District and within walking distance of the LA Convention Center, Crypto.com Arena, LA Live, and Grand Hope Park
Proximity to 2028 Olympic Venues
Strategically positioned near multiple 2028 Summer Olympic venues, including the LA Memorial Coliseum, Crypto.com Arena, and BMO Stadium
Path of Growth
Located adjacent to several large-scale mixed-use developments driving the continued westward expansion and revitalization of Downtown Los Angeles
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