About 356 - 366 N Orange Grove Avenue
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).
Features of 356 - 366 N Orange Grove Avenue
| MLS® # | 23307653 |
|---|---|
| Price | $5,750,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Square Footage | 19,149 |
| Acres | 0.44 |
| Year Built | 1927 |
| Type | Residential Income |
| Status | Active Under Contract |
Community Information
| Address | 356 - 366 N Orange Grove Avenue |
|---|---|
| Area | C19 - Beverly Center-Miracle Mile |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90036 |
Amenities
| Parking Spaces | 15 |
|---|---|
| Parking | None |
| Garages | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | None |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Additional Information
| Date Listed | September 7th, 2023 |
|---|---|
| Days on Market | 963 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Saadia 'sam' Liberow |
|---|---|
| Office | Marcus & Millichap |