Bunker Hill Tower at 800 W. 1st Street Los Angeles, CA 90012

Bunker Hill Tower Luxury Condominiums

BUNKER HILL TOWER FOR SALE    |    BUNKER HILL TOWER FOR LEASE

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The building:  Enjoy amazing panoramic views in 31 stories of the superb Bunker Hill Tower condominium building. Floor-to-ceiling windows bring in dramatic city views of the Downtown Los Angeles skyline to the Hollywood sign, Griffith Observatory, City Hall, Walt Disney Concert Hall, Broad Museum and the mountains. Condo units are often available FOR SALE or FOR LEASE.  Many building amenities include gated guest parking, 24-hour security front desk concierge, 2 tennis courts, 2 fitness centers, resort style heated pool, hot tub spa, mens and women saunas, barbecue picnic area, recreation rooms 2.5 acres of common area grounds with rose garden. Building has large convenience store market, dry cleaner and hair salon. Walk to Disney Concert Hall, Center Theater Group, Civic Center, Broad Museum, Financial District, Grand Park, Restaurants and Metro Station. HOA includes all utilities: electricity, air conditioning, heating, water, cable TV, Internet.

BUNKER HILL TOWER FOR SALE    |    BUNKER HILL TOWER FOR LEASE

Bunker Hill Tower Condos

Bunker Hill Tower Condos

Bunker Hill, in the downtown area of Los Angeles, California, is a short, developed hill with its peak located roughly around 3rd Street.  It is located directly east of the Harbor Freeway. Due to the skyscrapers built on it, the hill stands out from the rest of the L.A. basin and is synonymous with downtown as far as most people are concerned.

Bunker Hill Tower has a grand total of 255 units spread over 32 floors. The units come in a variety of configurations, starting at smaller loft studios then going all the way up to large four bedroom units.   In terms of size, the residences start at 481 square feet and end with the largest units being around 3000 square feet.

Units come equipped with floor to ceiling windows, custom cabinets, hardwood floors, granite counter tops, and a variety of other high-end features.

A list of amenities that Bunker Hill Tower offers is below:

  • Tennis courts
  • 24 hour patrol
  • Separate fitness centers for men and women
  • Swimming pool
  • Spa
  • Communal picnic and barbecue area

The Bunker Hill Redevelopment Project

In 1955,  Los Angeles city planners decided that Bunker Hill required a massive slum-clearance project. Thinking big, the top of Bunker Hill was cleared of its houses and street-car tunnels (one tunnel was replaced by a bridge) and then flattened as the first stage of the Bunker Hill Redevelopment Project to populate Bunker Hill with modern plazas and buildings. When the height limit of buildings for Los Angeles was finally raised (previously buildings were limited to 150 feet), developers built some of the tallest skyscrapers in the region to take advantage of the area’s existing dense zoning. In approving such projects, the city sought to project a modern, sophisticated image, and this is largely the impression one receives from visiting the area today.

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The project is the longest redevelopment project in Los Angeles history, and is scheduled to end in 2015.  The majority of the skyscrapers on Bunker Hill were built in the 1980s, with a new skyscraper or two being finished nearly every year. However, the momentum died down in the 1990s, shortly after the fifty-two story, Two California Plaza was finished. In 1999, the vacancy rate for downtown commercial skyscrapers was 26%, one of the highest in the nation for that time. Planned office towers were canceled, including California Plaza Three, and the 4-towered Metropolis (brought back to life in 2005).

Bunker Hill today

Walt Disney Concert Hall, Bunker Hill

John Ferraro Building, Bunker Hill, home to the Los Angeles Department of Water & Power.

Many of the older buildings and the early high-rises surrounding Bunker Hill are undergoing adaptive reuse from commercial to residential. This trend began in 2000, when the Los Angeles City Council passed an Adaptive Re-Use Ordinance, allowing old unused office buildings to be redeveloped as apartments or “lofts.” Developers realized there was a high level of pent-up demand for living in or near downtown, by both artists and employees of various firms in the financial district and government workers in the Civic Center, and that they could profit by supplying housing to meet such demand.

Because of the popularity of the New Urbanism in California, the city has required developers to build mixed-use residential buildings as much as possible. This means that the first floor of such residential developments are devoted to commercial retailers, so that residents do not have to constantly drive around for all their shopping trips and buildings present a more welcoming facade to passersby on the sidewalk.

Contributing to the resurgence of Bunker Hill has been the construction of public venues, such as the new Walt Disney Concert Hall and Cathedral of Our Lady of the Angels, and the Museum of Contemporary Art. In February 2007 $2.05 billion was approved for the Grand Avenue Project, which over the next 10 years will bring in over 2,000 new residential units, over 400 of them being affordable units for all degrees of low-income families; 1 million square feet (93,000 m²) of office space; a Mandarin hotel; 600,000 square feet (56,000 m²) of retail and entertainment space; and a 16 acre (65,000 m²) park connecting City Hall to Bunker Hill. Office space and residential units will be in several skyscrapers ranging between 35-55 stories each. Nearby planned projects include LA Live on Figueroa Street and Olympic Boulevard in South Park (the southern end of the Bunker Hill area).

Finally, the community is excited about the return of the Angels Flight tramway (which was rebuilt in 1996 near where it was originally located), which was shut down indefinitely after a fatal accident in 2001. It reopened March 15, 2010 to provide a link between Bunker Hill and the revitalized downtown area. One sign of the success of the downtown renaissance is that the office vacancy rate for the fourth quarter of 2004 was 16%, compared to 19% for 2003, and 26% for 1999.

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Mix of housing options

While developers are primarily building market-rate housing on Bunker Hill today, the City of Los Angeles has very strict laws, rules, and ordinances established that promote the inclusion of all income levels into the residential mix. Some examples include incentives for the creation of affordable housing (rather than market-rate housing), the preservation of existing affordable housing, the development of affordable housing by the city itself (rather than waiting for private developers), and other things. The city has written documentation regarding the development of affordable housing.

On the topic of building affordable housing for very low-income to moderate-income, Principal City Planner Jane Blumenfeld said, “We are trying to make it attractive to build [downtown] and get this added affordable housing that we normally wouldn’t have. We need an adequate amount of lower income housing so that in 20 years Downtown doesn’t become an exclusive neighborhood.”

Bunker Hill in popular culture

In the 1940s and 1950s, Bunker Hill was a popular film setting, much like South Los Angeles today, especially in the film noir genre, because of its rundown Victorian homes, its rambling hillside apartments and flophouses, its funicular Angels Flight, and its mean (or at least mean-looking) streets. It was used extensively in such crime films as Kiss Me Deadly (1956), Criss Cross (1949), Joseph Losey’s M (1951) and Angel’s Flight (1965). Director Curtis Hansen recreated Bunker Hill in another hilly neighborhood altogether in his Oscar Award winning L.A. Confidential (1997). Kent Mckenzie’s neo-realist and semi-documentary feature The Exiles (1961) depicts the lives of a tribe of urban Indians on Bunker Hill in the late 1950s. Angels Flight and its Third Street neighborhood, circa 1930s, were recreated in South Africa for the filming of Ask the Dust (2006), based on the novel by John Fante, which was set in the district in the 1930s. Bunker Hill is also the title of (and referenced in) the 1992 song from the Free-For-All album by Angelino transplant Michael Penn and a B-Side-song of the band Red Hot Chili Peppers. Jim Dawson’s 2008 book Angels Flight includes several chapters, complete with many dozens of early photos, on Bunker Hill and its literary and film background.

The 2nd Street Tunnel under Bunker Hill is widely used in film and advertising.

Based on information from the Association of REALTORS®/Multiple Listing as of [date the AOR/MLS data was obtained] and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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BUNKER HILL TOWER FOR SALE    |    BUNKER HILL TOWER FOR LEASE

Corey Chambers
Your Home Sold GUARANTEED or I’ll Buy It*
No Gimmicks! For information on my exclusive Guaranteed Sale Program, order a Free Report by visiting http://www.GuaranteedSaleSoCal.com

4 Big Reasons to Call the Chambers Team to Sell Your Home:

#1 We’ll Get You More Money – Chambers Team gets you 2.2% more of the asking price
#2 We’ll Sell Your Home Faster – Chambers Team sells homes 44% faster
#3 More Likely to Sell – Chambers Team homes are 16% more likely to sell
#4 We’ve got more than 2,600 buyers in our Data Base looking for a home

To find out how much you can sell your home for and how long it will take, call Corey at (213) 880-9910

*seller and Corey must agree on price and time of possession. Realty Source Inc BRE#01889449

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About Lofts Downtown Los Angeles

Your Loft Sold GUARANTEED or I'll Buy It* Corey Chambers, REALTOR® (213) 880-9910 corey@laloft.org http://www.LAloftBlog.com *by the end of the listing term at a price acceptable to the seller. Realty Source Inc. BRE#01889449
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