Under Contract
356 N Orange Grove Ave
Los Angeles CA, 90036
$5,750,000
$300.28 per sqft
Under Contract
24 Beds
16 Baths
19,149 sqft
Residential
Built in 1927
The Orange Grove Portfolio - 356, 360, 366 N Orange Grove Ave, represents an extraordinary opportunity to purchase assets that haven't been available for sale in over 50 years! It's a one-of-a-kind chance that will allow the astute investor to purchase 3 contiguous parcels located within a highly desirable sub-market characterized by affluent demographics and substantial barriers to entry. This expansive 19,201 square-foot property, spread across three contiguous parcels, represents an exceptional investment opportunity with its LAR3 zoning providing a solid foundation for various residential development projects. Additionally, its Tier 3 classification within the Transit Oriented Communities (TOC) program offers strategic benefits, including density bonuses, height incentives, and potential parking reductions, making it an ideal canvas for high-value multi-unit housing or innovative urban developments. Per our calculations, a buyer can build up to twenty-eight (28) units (buyer to verify).
23-307653
MLSⓇ ID
September 7, 2023
Listed
May 9, 2024
Updated
Map
356 N Orange Grove Ave
Los Angeles CA, 90036
Interior Features
Total Stories
2
Bedrooms
24
Total Bathrooms
16
Appliances
None
Fireplace
No
Cooling
No
Cooling Description
None
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
0.44 Acres
Other Property Details
Area Name
Beverly Center-Miracle Mile
Days on Market
25
Garage
No
Parking
None
Parking Total
15
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Listed by Saadia 'Sam' Liberow with Marcus & Millichap
Listing Contact: 718-406-3128
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Robyn Calvin | CA DRE# 01988615 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/9/2024
