Value-Add Mixed-Use Building · Chinatown | Los Angeles, CA
935–937 N Hill St, 90012 · ±6,950 SF · 5 Units · 2 Stories + Basement · Heart of Chinatown
Asking
$3.25M
Building
6,950 SF
Units
5
Occupancy
35%
The Opportunity
A renovated ±6,950 SF mixed-use building at 35% occupancy in the heart of historic Chinatown — current income plus a clear lease-up runway for a value-add investor or owner-user.
Why This Asset
Renovated mixed-use with built-in lease-up upside in Chinatown.
Substantially Renovated in 2024
Originally built in 1946 and substantially renovated in 2024 — a buyer inherits modernized systems and finishes rather than a deferred-maintenance project.
Value-Add at 35% Occupancy
Five units across two stories plus basement storage. At 35% occupancy, the going-in basis prices in vacancy — the upside is the mark-to-market lease-up.
Ground-Floor Retail · Upper Residential
Ground-floor retail currently available for lease over second-floor residential — a flexible configuration suited to an owner-user occupying one component and leasing the rest.
Heart of Historic Chinatown
Walking distance to the Chinatown Metro station, the LA State Historic Park, and the Broad / DTLA arts corridor — one of the city's most culturally dense, foot-traffic-rich submarkets.
LAC2 Commercial Zoning
LAC2 zoning supports a broad mix of retail, office, and residential uses — preserving flexibility for the next owner's business plan.
Efficient Land-to-Building Ratio
±6,950 SF of building on a compact ±2,880 SF lot — a dense, efficient footprint that is increasingly difficult to replicate in infill Chinatown.
Property Details
±6,950 SF · 5 units · 2 stories + basement · renovated 2024.
Asset
- Address
- 935–937 N Hill St, Los Angeles, CA 90012
- Property Type
- Mixed Use
- Property Sub-Type
- Retail + Residential
- Units
- 5
- Occupancy
- 35%
- Stories
- 2 + basement
- Year Built
- 1946 (renovated 2024)
Size & Site
- Gross Building Area
- ± 6,950 SF
- Lot Size
- ± 2,880 SF
- Price / SF
- $468 / SF
- Zoning
- LAC2
- APN
- 5414-005-006
Location · Trade Area
Historic Chinatown · between the LA State Historic Park and the DTLA core.
Subject Property
935–937 N Hill St
Trade Area Fundamentals
Chinatown is one of Los Angeles' most rapidly evolving infill neighborhoods — anchored by the Chinatown Metro station, the LA State Historic Park, a dense residential base, and a growing arts-and-dining scene spilling north from the Downtown core.
For a value-add buyer, the thesis is straightforward: a renovated building at 35% occupancy in a foot-traffic-rich corridor offers in-place income today and a mark-to-market lease-up tomorrow.
Full submarket detail, traffic counts, and tenant mix included in the Offering Memorandum.
Exclusively Listed By
Williams Capital Advisors.
Institutional commercial real estate advisory led by Francisco Williams, CCIM — Senior Vice President, KW Commercial Beverly Hills.
Williams Capital Advisors · Listing Broker
Francisco Williams, CCIM
Senior Vice President
Williams Capital Advisors (CA Real Estate Corporation License #01428775) is the exclusive listing brokerage; Francisco Williams is licensed under KW Commercial Beverly Hills (CalDRE #01979442). Cooperating brokers welcome — commission terms available on request. Information herein is from sources deemed reliable but not guaranteed; buyer to independently verify all square footage, unit count, occupancy, zoning, and condition.
Letter of Intent
Ready to offer? Submit your LOI.
For qualified buyers prepared to transact. Indicate your offered price, deposit, contingency periods, and source of funds. Listing brokers will respond within one business day with a counter or accept.
- Value-add and owner-user buyers prioritized
- Offers reviewed in receipt order
- Cooperating brokers welcome — terms available on request
Disclaimer
The information contained herein is derived from sources deemed reliable but has not been independently verified by Williams Capital Advisors or any co-listing brokerage. All financial projections, square-footage estimates, lease summaries, demographic figures, and comparable sales data are provided for illustrative purposes only and may not reflect future performance. Prospective purchasers are advised to consult their own tax, legal, and financial advisors and to independently verify all information prior to making any investment decision. Neither Williams Capital Advisors (CA Real Estate Corporation, License #01428775), any co-listing brokerage, the Property Owner, nor their respective representatives assume liability for errors, omissions, or decisions made in reliance on this information. This listing page does not constitute an offer, solicitation, or legal obligation; any transaction is subject to a fully-executed Purchase and Sale Agreement. Cap rate, NOI, and underwriting assumptions shown in the on-page Valuation Calculator are illustrative only and do not constitute investment advice. Cooperating brokers welcome — commission terms outlined in the Offering Memorandum.
