988 N Hill St - Freestanding FOR SALE


Los Angeles, CA 90012- Chinatown
$25,000,000 USD
818-971-9193
988 N Hill St, Los Angeles, CA for Sale
$25,000,000 USD
Freestanding - FOR SALE
1/17
null | 9% Cap Rate

988 N Hill St
Los Angeles, CA 90012
Chinatown


HIGHLIGHTS

  • The parking structure is legally approved for up to 400 vehicles, a rare feature in urban Los Angeles.
  • Located in the heart of Chinatown within close proximity to Union Station and the Arts District.
  • Steel construction with three elevators and open floor plans.
  • The property is surrounded by dense residential and commercial population.
  • Versatile LAC2 zoning supports a wide range of redevelopment options, including mixed-use, retail, residential, or hospitality uses.

OVERVIEW

Bamboo Plaza offers a rare opportunity to acquire a high-profile commercial asset in the heart of Los Angeles’ Historic Chinatown, just two miles from Downtown LA. This dormant, mixed-use property is ideally positioned for transformation, with C2-1 zoning that supports a wide range of redevelopment possibilities including retail, residential, hospitality, or creative office. The site spans approximately 1.47 acres with a building footprint of over 62,000 square feet across two floors, and includes a three-level parking structure legally approved for up to 400 vehicles—an exceptional amenity in this dense urban corridor. Strategically located near major destinations such as Union Station, LA Historic Park, and the Arts District, the property benefits from strong visibility, excellent transit access, and proximity to key freeways and cultural landmarks. The lot’s generous dimensions (approximately 190 by 200 feet) and flexible zoning make it an ideal canvas for investors or developers seeking to revitalize a prominent site in one of LA’s most culturally rich and evolving neighborhoods. With a mix of existing tenants and vacant units, Bamboo Plaza presents a compelling value-add opportunity in a high-demand market.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$402 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bamboo Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, Service, Department Store

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

425

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

LAC2

APN/PARCEL ID

5414-007-026,5414-007-027,5414-008-006

ASK ABOUT THIS PROPERTY

Potjanee SrisaereenuwatDilbeck Real EstateMore Info
818-971-9193

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Potjanee SrisaereenuwatDilbeck Real EstateMore Info
818-971-9193

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.