845 N Bunker Hill Avenue

Los Angeles, CA 90012

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.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.