726-740 Hartford Ave 0.43 Acres of Commercial Land Offered at $6,500,000 in Los Angeles, CA 90017

Maher Commercial Realty is 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 as +/-225 Units could potentially fit within a 8-Story Building envelope. Project density is only limited by construction type choice, Base Density is 93 units, TOC 3 Density is 159 units 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. No parking is required as the project is located close to transit.
Base Density: 93 Units
TOC 3 Density: 159 Units
AB 2334 Density: Unlimited, +/-225 Units could potentially fit within a 8-Story Building envelope. More units are possible depending on project Construction Type
The location is within a half mile of LA Live/CryptoArena, and DTLA. Koreatown is a short 5 minute driveto 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 while still achieving a compelling rent per square foot.