829 N Bunker Hill Ave, Los Angeles, CA 90012
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829 N Bunker Hill Ave Los Angeles, CA 90012

$4,900,000 Sold Price as of 06/09/2019
  • 27 Beds
  • 17 Baths
  • 13,737 Sq.Ft.
Sold
$4,900,000 Sold Price as of 06/09/2019 Refinance Your Mortgage

Map preview of 829 N Bunker Hill Ave, Los Angeles, CA 90012

Property Overview: 829 N Bunker Hill Ave Los Angeles, CA has 27 bedrooms, 17 bathrooms, 13,737 living square feet and 8,986 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The subject property is a fully renovated, non-rent controlled, fourteen unit apartment complex built in 1984 and located in the prime Chinatown submarket of Los Angeles, just north of downtown LA. Ideally situated on Bunker Hill Avenue, many of these unique units have wonderful city views. The property boasts a mix of three 1 bedroom, 1 bathroom units, two 2 bedroom, one bath units, eight 2 bedroom, 1 ½ bath units, and one enormous three story townhouse with 4 bedrooms, and 4 bathrooms. The prime location allows occupants to enjoy all of downtown LA's world famous entertainment, dining and culture, within the comfort of a quiet and luxurious apartment. The improvements are built on an 8,986 square foot lot with a total rentable square footage of 13,737.There are 17 on-site parking spaces as well as on-site laundry. Each well maintained unit is individually metered for gas and electricity.

Listed by Morgan McMullin | BRE #01716570 | Compass
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
8,986
HOA Dues
$0/mo
Year built
1984
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19455788
City
Los Angeles
County
Los Angeles
Time on Site
1265 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $2,995
  • Total Rent: $2,995
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,083
  • Total Rent: $16,660
  • Pro Forma/Market Rent: $20,800
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,095
  • Total Rent: $4,190
  • Pro Forma/Market Rent: $5,000
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $4,950
  • Pro Forma/Market Rent: $5,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.68%
  • Gross Rent Multiplier: 14.26
  • Gross Scheduled Income: --
  • Net Operating Income: $231,721
  • Gross Operating Income: $336,803
  • Improvements Total: $1,215,309
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 829 N Bunker Hill Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Other
Property Information
  • Total # of Units: 14
  • Parcel Number: 5407007036
Location / Neighborhood
Location Information
  • Directions: Just off the 110 Freeway near Downtown LA.
View more facts & features

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Sale History for 829 N Bunker Hill Ave

Last sold for $4,900,000 on June 14th, 2019
  • October, 2019

  • Oct 7, 2019

    Date

    Sold

    CRMLS: 19455788

    $4,900,000

    Price

  • May 30, 2019

    Date

    Pending

    CRMLS: 19455788

    $4,950,000

    Price

  • May 8, 2019

    Date

    Active Under Contract

    CRMLS: 19455788

    $4,950,000

    Price

  • Apr 16, 2019

    Date

    Active

    CRMLS: 19455788

    $4,950,000

    Price

  • June, 2019

  • Jun 14, 2019

    Date

    Sold (Public Records)

    Public Records

    $4,900,000

    Price

  • January, 2019

  • Jan 25, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2019

  • Jan 2, 2019

    Date

    Canceled

    CRMLS: 18407098

    $4,850,000

    Price

  • Dec 11, 2018

    Date

    Price Change

    CRMLS: 18407098

    $4,850,000

    Price

  • Nov 13, 2018

    Date

    Active

    CRMLS: 18407098

    $4,950,000

    Price

  • Listing provided courtesy of CRMLS

    The subject property is a fully renovated, non-rent controlled, fourteen unit apartment complex built in 1984 and located in the prime Chinatown submarket of Los Angeles, just north of downtown LA. Ideally situated on Bunker Hill Avenue, many of these unique units have wonderful city views. The property boasts a mix of three 1 bedroom, 1 bathroom units, two 2 bedroom, one bath units, eight 2 bedroom, 1 1/2 bath units, and one enormous three story townhouse with 4 bedrooms, and 4 bathrooms. The prime location allows occupants to enjoy all of downtown LA's world famous entertainment, dining and culture, within the comfort of a quiet and luxurious apartment. The improvements are built on an 8,986 square foot lot with a total rentable square footage of 13,737. There are 17 on-site parking spaces as well as on-site laundry. Each well maintained unit is individually metered for gas and electricity.

  • October, 2018

  • Oct 25, 2018

    Date

    Canceled

    CRMLS: 18389542

    $4,950,000

    Price

  • Sep 25, 2018

    Date

    Active

    CRMLS: 18389542

    $4,950,000

    Price

  • Listing provided courtesy of CRMLS

    The subject property is a fully renovated, non-rent controlled, fourteen unit apartment complex built in 1984 and located in the prime Chinatown submarket of Los Angeles, just north of downtown LA. Ideally situated on Bunker Hill Avenue, many of these unique units have wonderful city views.The property boasts a mix of three 1 bedroom, 1 bathroom units, two 2 bedroom, one bath units, eight 2 bedroom,1 1/2 bath units, and one enormous three story townhouse with 4 bedrooms, and 3 bathrooms. The prime location allows occupants to enjoy all of downtown LA's world famous entertainment, dining and culture, within the comfort of a quiet andluxurious apartment. The improvements are built on an 8,986 square foot lot with a total rentable square footage of 13,737. There are 17 on-site parking spaces as well as on-site laundry. Each well maintained unit is individually metered for gas and electricity.

  • January, 2018

  • Jan 9, 2018

    Date

    Canceled

    CRMLS: 17283522

    $1,995

    Price

  • Jan 2, 2018

    Date

    Active

    CRMLS: 17283522

    $1,995

    Price

  • Dec 31, 2017

    Date

    Expired

    CRMLS: 17283522

    $1,995

    Price

  • Nov 18, 2017

    Date

    Price Change

    CRMLS: 17283522

    $1,995

    Price

  • Oct 24, 2017

    Date

    Active

    CRMLS: 17283522

    $2,095

    Price

  • Listing provided courtesy of CRMLS

  • November, 2017

  • Nov 18, 2017

    Date

    Canceled

    CRMLS: 17283566

    $2,995

    Price

  • Oct 25, 2017

    Date

    Active

    CRMLS: 17283566

    $2,995

    Price

  • Listing provided courtesy of CRMLS

  • September, 2017

  • Sep 8, 2017

    Date

    Sold

    CRMLS: WS17128611

    $3,425,000

    Price

  • Jun 23, 2017

    Date

    Pending

    CRMLS: WS17128611

    $2,888,888

    Price

  • Jun 8, 2017

    Date

    Active

    CRMLS: WS17128611

    $2,888,888

    Price

  • Listing provided courtesy of CRMLS

    Original Owner. . Custom built by the current owner in 1984 . Owner's unit is a very spacious 4 bedrooms, 3 bathrooms with downtown LA view. This custom built 11 unit apartment is located in the heart of Chinatown. Excellent location; close to downtown, the marketplace, Dodger Stadium, Hollywood 101 and Pasadena 110 Freeways, public transportation, restaurants, retail shops, and other amenities. The 11 units consists of 8 - 2 bedroom 1.5 baths, 2 - 2 bedroom, 1 bath, plus a huge owner's unit - 4 bedrooms 3 baths. Rents are under market rate with upside potential. Pro-forma rent is approximately $228,000/Year; pro-forma cap rate is approximately 5.94%. Long time tenants. Rents are month-to-month, no leases. No rent control. Each unit has central air and forced air heating. The gross rent in the analysis section is not including the owner's unit. Property to be sold in "As Is" present physical condition. Seller will not make any repairs or pay for termite report and clearance except the Seller will provide 9A Report. Buyers to cooperate with Sellers 1031 Tax Deferred Exchange. THE SELLER WILL REVIEW ALL OFFERS ON FRIDAY , JUNE 16TH, 2017. ALL THE OFFERS MUST BE SUBMITTED IN CAR FORM RIPA.

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Tax History for 829 N Bunker Hill Ave

Assessed Value (2020): $4,998,000
Year Land Value Improved Value Assessed Value
2020 $2,958,000 $2,040,000 $4,998,000

Home Value Compared to the Market

This property vs the competition

829 N Bunker Hill Ave sold on June 9, 2019 for 338.05% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $360.34 per/sqft which puts the price per square foot 52.21% lower than the current median sale per square foot for the city of Los Angeles.

About 829 N Bunker Hill Ave

Detailed summary of property

829 N Bunker Hill Ave is a multi family that recently sold in Los Angeles, CA 90012. This multi family property offered 27 bedrooms, 17 bathrooms, roughly 13,737 living square feet, and sits on an approximately 8,986 square foot lot. 829 N Bunker Hill Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $4,900,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 338.05% higher than the current median priced home. Local homes that are currently for sale include 1256 W Adams Blvd, 514 S Mariposa Ave and 1220 W 27th St. While the average home in Los Angeles, CA is selling in 99 days, 829 N Bunker Hill Ave has a days on market of 22 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 829 N Bunker Hill Ave Los Angeles, CA 90012 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 829 N Bunker Hill Ave

Public county record property details
Beds
--
Baths
--
Year built
1984
Sq. Ft.
13,737
Lot Size
8,985
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
20,22
APN
5407-007-036

The source for these homes facts are from public records.

90012 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$575,000
Median List Price/Sq.Ft.
$607
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$468
Total Inventory
59
Median Sale to List Price %
88%
Avg Days on Market
125
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Related Resources to 829 N Bunker Hill Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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. 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, 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.