722 Hartford 722 Hartford Ave 27 Unit Apartment Building $3,700,000 ($137,037/Unit) 6.80% Cap Rate Los Angeles, CA 90017

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.