845 N Bunker Hill Avenue, Los Angeles, CA 90012

About this property

We are pleased to present an eighteen (18) unit apartment building located at 845 N Bunker Hill Ave in Los Angeles, California. The subject property is located in a great Chinatown location, north of Cesar Chavez Ave and west of Hill St. Located in the heart of Chinatown, the property consists of ten (10) studios and eight (8) one-bedrooms and has undergone significant capital improvements, including a new roof, upgraded fire alarm and sprinkler systems, copper plumbing, and updated electrical. The property offers rare central HVAC for a vintage asset, along with on-site security and laundry facilities. The property also presents an excellent value-add opportunity with a nearly 4,000 SF unfinished basement that offers future flexibility and potential ADU conversion. Additional benefits include separately metered gas and electricity, wood-frame stucco construction, low-maintenance landscaping, and a location just steps from Chinatown's restaurants, transit, and everyday amenities. Overall, the property combines capital improvements, rental upside potential (+35%), and a nearly 4,000 SF unfinished basement, offering investors a high initial cap rate in a very attractive Chinatown location.

Listing description from the March 2026 sale, as reported to CRMLS.

Sale history

$2,725,000

Sold March 2026 · listed $3,000,000, on market February 2026 · MLS #26650217 · Source: CRMLS

Listing Agent: Jason Tuvia · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Jason Tuvia · Marcus & Millichap

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