Park Fifth
427 W 5th St,
Los Angeles, CA 90013
$2,684 - $5,949
Studio - 3 Beds
In the 1890s, the most fashionable neighborhood in Los Angeles was Bunker Hill. Filled with elegant Victorian homes and sophisticated stores for the socialites and trend-setters who lived in the neighborhood, Bunker Hill was filled with LA's sparkle and glitter. That changed in the early 1920s, when the neighborhood's location -- perched on a hill in the city -- began to be seen as an impediment to growth rather than an asset. In addition, the elevation of the entire neighborhood was lowered, a tunnel was built through the area, and the neighborhood became overcrowded due to the ever-expanding city.
The neighborhood was nearly forgotten until recently, when it began to emerge as one of LA's trendy neighborhoods once again. The neighborhood escaped much of the city's redevelopment, so many of the older structures still remain. This trendy neighborhood is home to some fantastic venues, as well, such as the Walt Disney Concert Hall, the Broad, and the Museum of Contemporary Art. Bunker Hill offers new residents a mix of housing options, ranging from sleek, luxury apartments to trendy lofts. Bunker Hill is directly west of Downtown Los Angeles, extending from West 1st Street to West 5th Street.
The Angels Flight Railway is listed on the National Register of Historic Places
As of December 2025, the average apartment rent in Bunker Hill is $2,316 for a studio, $2,549 for one bedroom, $3,416 for two bedrooms, and $7,962 for three bedrooms. Apartment rent in Bunker Hill has decreased by -6.6% in the past year.
Studio
540 sq ft
Average Sq Ft
$2,316/month
Average Rent
1 BR
795 sq ft
Average Sq Ft
$2,549/month
Average Rent
2 BR
1,180 sq ft
Average Sq Ft
$3,416/month
Average Rent
3 BR
280 sq ft
Average Sq Ft
$7,962/month
Average Rent
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
Rider's Paradise
out of 100 TransitScore® Rating
Living in this area is considered a rider’s paradise, with world-class transportation.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
3,444
Communities
948,891
Units
881
Cities
714
Communities
197,731
Units
340
Cities
655
Communities
128,977
Units
253
Cities
623
Communities
169,454
Units
242
Cities
546
Communities
121,424
Units
217
Cities
500
Communities
114,938
Units
254
Cities
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.