Asking Price: $4,370,000

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.