Bamboo Plaza 988 N Hill St 62,153 SF Vacant Retail Building Los Angeles, CA 90012 $15,000,000 ($241.34/SF) 9.35% Cap Rate

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.