811 N Bunker Hill Avenue, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 1 bath
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Los Angeles, California 90012
This High-Density Development Asset is offered at a List Price of $1,150,000, situated in the rapidly appreciating Chinatown market. With a Fair Market Value of $1,047,078, the valuation is anchored by the property's R4 Multi-Unit Zoning and a substantial 9,248 Sq Ft Lot. The existing structure is in Tear-Down Condition Rating, offering a clean-slate opportunity to capitalize on Distant City Skyline Views. While providing a modest holding income, the site's proximity to Solano Avenue Elementary makes it a prime acquisition for Real Estate Developers or Institutional Investors seeking urban density.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 811 N Bunker Hill Avenue Subject | $1,150,000* List Price | 2 | 1 | 1,355 | $773 | - |
A 638 N Bunker Hill Avenue Active | $849,999 List Price | 3 | 1 | 1,208 | $704 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1885, the property's exterior shows significant signs of neglect and disrepair, including peeling paint, worn-out porch, and overgrown landscaping. The absence of interior photos, combined with the listing description explicitly marketing it as a 'Developer's dream' with R4 zoning and stating its 'primary value is as a tear-down for new construction,' strongly indicates the existing structure is unlivable and beyond economical repair. The current low rental income further supports that the value lies in the land for redevelopment, not the existing dwelling.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9248, living area = 1355.
Zoned R4 (Multi-Unit) with a substantial 9,248 sq ft lot, presenting a prime opportunity for multi-family development in a high-demand urban core.
Situated in a rapidly revitalizing Chinatown, close to Downtown Los Angeles, attracting affluent professionals and new upscale developments, enhancing future rental or sale prospects.
Built in 1885, the existing structure is very old, likely requiring extensive renovation or demolition, which will add significant costs to any development project.
The current rental income of $1,000/month is considerably below market rates for Los Angeles, indicating the property's value is not in its current income generation but in its development potential.
The 1,355 sq ft single-family residence is small relative to the lot size and R4 zoning, suggesting its primary value is as a tear-down for new construction rather than a renovatable asset.
Investor's delight. A rare piece of property with endless opportunities zoned R4 (MULTI-UNIT) with a lot size of over 9000 sq ft. Currently rented to tenant for $1,000 a month. Chinatown has turned into a vibrant community and growing with new dining establishments, high rise upscale rental units close to downtown Los Angeles. Recent developments in the area have attracted younger and wealthy professionals as tenants. Close to 110 and 101 Fwys and easy access to public transportation, Olvera St and Union Station. Nestled between multi-family units. Developer's dream.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-6 • 0.8 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,355 | 1,332 | 60% |
| Lot Size | 9,248 | 3,794 | 80% |
| Price | $1.15M | $763.0K | 80% |
| Price per sq ft | $849 | $573 | 60% |
| Built year | 1885 | 1899 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 165 | 40% |
Apr 15, 2026
$1,150,000
$1,400,000
-18% Price Drop
Initial Listing
Jan 27, 2026
$1,400,000
Initial Listing