811 N Bunker Hill Avenue, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 1 bath
ACTIVE$1,490,000
811 N Bunker Hill Avenue, Los Angeles, California 90012
2Beds
1Bath
1,355Sqft
9,248Lot
Year Built
1885
Close
-
List price
$1.49M
Original List price
$1.59M
Price/Sqft
$1,100
HOA
-
Days on market
-
Sold On
-
MLS number
WS25164299
Home ConditionTear down
Features
Good View: None
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.49M(91th), sqft - 1355(50th), beds - 2(45th), baths - 1(18th).
Investor's delight. A rare piece of property with endless opportunities zoned R4 (MULTI-UNIT) with a lot size of over 9000 sq ft. Current 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.
Nearby schools
6/10
Castelar Street Elementary School
Public,•K-5•0.2mi
3/10
Ann Street Elementary School
Public,•K-6•0.8mi
7/10
Solano Avenue Elementary School
Public,•K-6•1.0mi
3/10
Albion Street Elementary School
Public,•K-6•1.4mi
4/10
Utah Street Elementary School
Public,•K-8•1.5mi
5/10
Florence Nightingale Middle School
Public,•6-8•2.1mi
3/10
Belmont Senior High School
Public,•9-12•1.1mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•2.4mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.7mi
Price History
Date
Event
Price
11/04/25
Price Change
$1,490,000
07/22/25
Listing
$1,590,000
Condition Rating
Tear down
This property, built in 1885, is clearly marketed as a 'Developer's dream' with R4 zoning, indicating its value lies in the land for redevelopment rather than the existing structure. The exterior images show significant disrepair, neglect, and deferred maintenance, including peeling paint, worn porch, and an unkempt yard. Crucially, there are no interior photos provided, which is a strong indicator that the kitchen, bathrooms, and other interior spaces are in extremely poor, unpresentable, or potentially unlivable condition, requiring demolition rather than renovation. The property's age and visible state suggest it has not undergone major renovations in the past 50 years and is beyond economical repair for residential use.
Pros & Cons
Pros
R4 Multi-Unit Zoning: The property boasts R4 multi-unit zoning, providing extensive opportunities for high-density residential development and maximizing land utilization.
Generous Lot Size: With a substantial lot size of 9,248 sq ft, the property offers ample space for significant redevelopment projects under its R4 zoning.
Strategic Location in Revitalizing Chinatown: Located in a vibrant and growing Chinatown community, close to downtown Los Angeles, attracting new dining establishments, upscale rentals, and a demographic of younger, wealthy professionals.
Exceptional Transportation Accessibility: The property benefits from excellent connectivity, being close to the 110 and 101 Freeways, public transportation, Olvera Street, and Union Station.
Strong Development & Investment Appeal: Explicitly highlighted as an 'Investor's delight' and 'Developer's dream,' indicating high potential for capital appreciation through strategic redevelopment.
Cons
Historic Age & Condition of Existing Structure: Built in 1885, the current single-family residence is very old and likely requires extensive renovation or complete demolition for any significant redevelopment, adding to project costs.
Sub-Market Rental Income: The current rental income of $1,000 per month is significantly below market rates for the area, suggesting the existing structure is either in poor condition or under-rented, which could complicate immediate cash flow or tenant relocation.
High Land-Value Acquisition Cost: The list price of $1.49 million is substantial, primarily reflecting the land's development potential rather than the existing structure's value, necessitating a significant upfront investment before any new construction.