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762 Hartford Ave 24 Unit Apartment Building $2,400,000 ($100,000/Unit) 5.38% Cap Rate Los Angeles, CA 90017
INVESTMENT HIGHLIGHTS
- SUBSTANTIAL VALUE-ADD OPPORTUNITY: 27% rental upside potential through interior renovations.
- RECENT ELECTRICAL UPGRADE: 400-amp Siemens panel upgraded within 10 years (buyer to verify).
- LONG-TERM OWNERSHIP: Held for 50+ years, presenting a rare acquisition opportunity.
- ATTRACTIVE BASIS: Offered at $100K/unit or $181/SF, providing a strong entry price.
- INFILL LOCATION: Prime area near LA Convention Center, LA Live & Crypto Arena; Walk Score 93.
- CLOSE TO 2028 OLYMPIC VENUE: Minutes from upcoming Olympic sites and major city attractions.
EXECUTIVE SUMMARY
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 24-unit apartment community located at 762 South Hartford Avenue. The subject property is situated west of the 110 Freeway and south of Wilshire Boulevard.
Positioned on a 7,096-square-foot parcel, the property is comprised of 22 studios and two one-bedroom units and is being offered at an attractive basis of $100,000 per unit and $181 per square foot, with 27% remaining rental upside through unit renovations.
The property is in close proximity to multiple venues for the 2028 Summer Olympics, including the LA Memorial Coliseum, Crypto.com Arena, and BMO Stadium, which bode well for the long-term prospects of the neighborhood.
762 South Hartford Avenue offers investors a compelling opportunity to acquire an asset with a strong value-add component and to capitalize on the continued westward expansion and revitalization of the Downtown submarket.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Positioned on a 7,096-square-foot parcel, the property is comprised of 22 studios and two one-bedroom units and is being offered at an attractive basis of $100,000 per unit and $181 per square foot, with 27% remaining rental upside through unit renovations.
The property is in close proximity to multiple venues for the 2028 Summer Olympics, including the LA Memorial Coliseum, Crypto.com Arena, and BMO Stadium, which bode well for the long-term prospects of the neighborhood.
762 South Hartford Avenue offers investors a compelling opportunity to acquire an asset with a strong value-add component and to capitalize on the continued westward expansion and revitalization of the Downtown submarket.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,400,000 | Property Subtype | Apartment |
| Price Per Unit | $100,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.38% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 8.27 | Building Size | 13,245 SF |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1911 |
| Zoning | LACW | ||
| Price | $2,400,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| Gross Rent Multiplier | 8.27 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 13,245 SF |
| No. Stories | 3 |
| Year Built | 1911 |
| Zoning | LACW |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 22 | - | - |
| 1+1 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (99)
PROPERTY TAXES
| Parcel Number | 5143-010-005 | Improvements Assessment | $178,134 |
| Land Assessment | $118,938 | Total Assessment | $297,072 |
PROPERTY TAXES
Parcel Number
5143-010-005
Land Assessment
$118,938
Improvements Assessment
$178,134
Total Assessment
$297,072
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762 Hartford Ave
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