638 N Bunker Hill Avenue, Los Angeles, California 90012, Los Angeles, 90012 - 3 bed, 1 bath
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Los Angeles, California 90012
This LAR4-zoned development asset represents a High-Potential Investment Opportunity, listed at $849,999—positioned well below the $856,127 Fair Market Value by 0.72%. This property offers $6,128 in Instant Equity. With a Condition Rating of 4, the home provides immediate livability while offering significant upside through its flexible 4-entrance layout and high-density zoning. This is a strategic acquisition for Buy-and-Hold Investors or Developers seeking to capitalize on the prime location near Downtown LA and Dodger Stadium.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 638 N Bunker Hill Avenue Subject | $844,999* List Price | 3 | 1 | 1,208 | $704 | - |
A 1512 N Boylston Street Sold | $975,000 | 3 | 2 | 1,184 | $823 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1900, the home has received recent cosmetic refreshments including new laminate flooring and paint, supporting the 'immediate livability' claim. However, the 3-bed/1-bath configuration is dated for the square footage, and the heavy marketing emphasis on LAR4 development potential and 'high-density opportunity' suggests that while functional, the primary systems and structure are aged and likely require modernization to meet current standards.
The LAR4 zoning on a 6,001 sqft lot offers exceptional upside for developers or investors looking to build multi-unit housing in a high-demand urban core.
Featuring four separate entrances and a dedicated office area, the property is perfectly suited for multi-generational living, rental income, or a professional home office setup.
Situated near Downtown Los Angeles and Dodger Stadium, the property provides prime access to major employment hubs, entertainment, and transit, ensuring long-term desirability.
With only one bathroom serving a three-to-four bedroom layout, the home’s current configuration is a significant drawback for modern families or multi-tenant occupancy.
Built in 1900, the property likely requires extensive modernization of core systems and structural updates to meet contemporary building standards and buyer expectations.
Rare LAR4-zoned property near Downtown LA and Dodger Stadium offering both immediate livability and exceptional development potential. This unique home features 4 separate entrances, including 2 private entrances to a separate office/bedroom area--ideal for work-from-home, multi-generational living, rental income, or a flexible live/work setup. With its zoning and layout, the property also presents an excellent opportunity for mixed-use potential, allowing for residential living, office use, or a combination of both (buyer to verify).The lot offers room for an ADU (buyer to verify), adding even more value and income possibilities. Title shows 3 bedrooms, and the home includes an additional room that could potentially be converted into a 4th bedroom.The property is enhanced by numerous mature fruit trees and a gardening shed located at the rear of the lot--perfect for storage, hobby gardening, or additional workspace.A truly rare property with history, flexibility, and upside--perfect for an owner-user, investor, or developer seeking a high-density opportunity in a prime location. Recent additions include, New vinyl flooring, Light fixtures and paint.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-6 • 0.8 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.5 | 50% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 1,208 | 1,117.5 | 67% |
| Lot Size | 6,001 | 4,810.5 | 67% |
| Price | $845.0K | $842.5K | 50% |
| Price per sq ft | $700 | $761 | 50% |
| Built year | 1900 | 1912 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 72 | 33% |
May 30, 2026
$844,999
$849,999
-1% Price Drop
Initial Listing
May 10, 2026
$849,999
Initial Listing