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 strategic acquisition in the high-demand DTLA corridor, offered at a List Price of $849,999. While the current Fair Market Value is $767,803, the property’s primary value is driven by its High-Density Zoning and 6,001 sqft lot with ADU Potential. The existing structure holds a Condition Rating of 5, requiring significant rehabilitation of major systems. Proximity to Solano Avenue Elementary (Rating 7) and Castelar Street Elementary (Rating 6) ensures long-term land desirability. This is a high-upside project for Developers or Value-Add Investors seeking to capitalize on urban density.
Property is extensive renovation needed.
Built in 1900, this property shows significant signs of deferred maintenance and age. Interior images reveal noticeable cracking in the walls and ceilings, particularly in the transition areas. The kitchen is highly outdated with mismatched appliances, dated cabinetry, and old tile flooring. With only one bathroom serving a potential four-bedroom layout and a structure over 120 years old, the home requires substantial rehabilitation of major systems and finishes. The listing's heavy emphasis on LAR4 zoning and development potential further suggests the value lies primarily in the land rather than the current state of the structure.
The LAR4 zoning provides exceptional development potential for high-density residential or mixed-use projects in a high-demand urban corridor.
With four separate entrances and a private office/bedroom wing, the property is perfectly configured for rental income, multi-generational living, or a professional live/work setup.
Situated near Downtown Los Angeles and Dodger Stadium, the location offers significant long-term appreciation and high demand for both residential and commercial use.
Built in 1900, the home may require significant structural updates, modernizing of systems, or costly maintenance to meet contemporary building standards.
With only one bathroom serving three to four potential bedrooms, the current layout is underserviced for modern family needs or high-occupancy rental use.
While some local schools are rated moderately, several nearby public schools have lower ratings, which could impact appeal for families prioritizing education.
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.
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 | 3.0 | 50% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 1,208 | 1,270 | 50% |
| Lot Size | 6,001 | 3,467 | 83% |
| Price | $850.0K | $801.5K | 67% |
| Price per sq ft | $704 | $638 | 50% |
| Built year | 1900 | 1912 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 103 | 174 | 33% |
Mar 1, 2026
$849,999
$874,000
-3% Price Drop
Initial Listing
Feb 10, 2026
$874,000
$894,000
-2% Price Drop
Initial Listing
Jan 28, 2026
$894,000
$899,000
-1% Price Drop
Initial Listing
Jan 9, 2026
$899,000
Initial Listing