Los Angeles, CA 90017 722 Hartford Avenue
$4,370,000
6 more
Presented By: Nick Astrupgaard with KW Commercial Studio City;
Home Details
722 Hartford Street, or the Capulet Apartments, is a 27-unit apartment community located near DTLA in the Westlake sub-market. Conveniently located in the City West neighborhood of downtown, Capulet Apartments is near a huge array of retail, entertainment, and other services and the 7th Street subway station that connects you to the Red and Purple subway lines. It features a strong unit mix of Twenty-Three (23) Studio apartments and Four (4) 1-bedroom apartments. Ownership has conducted property-wide improvements, including private-gated access, a newly designed courtyard with murals from local artists, and many of the units have been renovated with new wood flooring, updated bathrooms and kitchens, vaulted ceilings, and ceiling fans. There's onsite laundry for tenants and nearby parking available at the corner of 7th and Ingraham. Current ownership has completed the plans and has ready-to-issue permits to build two 1-Bedrooms ADUs. Additionally, investors may benefit from assuming the current Chase Loan of $3M at 3.61% through April 2025.
Presented By: Nick Astrupgaard with KW Commercial Studio City;
Interior Features for 722 Hartford Avenue
Bedrooms
Total Bedrooms27
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths27
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Total Stories
General for 722 Hartford Avenue
Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.45
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market77
DirectionsAttractive Location near DTLA in Westlake / City West
Full Baths
Garage Y/NNo
Gross Income432701.0
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Lot Size Square Feet6218.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income236744.0
New ConstructionNo
NumberOfUnitsTotal27
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
View Y/NNo
Waterfront Y/NNo
Year Built1917
ZoningLACW
Exterior for 722 Hartford Avenue
Building Area Total16056.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1427
Lot Size Area6218.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesOffSite, OnStreet
SpaNo
Total Parking0.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480