$5,750,000
24 Bed
16 Bath
19,149
0.44 Acre Lot

356 - 366 N Orange Grove Avenue, Los Angeles, California 90036

  • Residential Income Property Type
  • 19,149 Square Footage
  • None Cars Garage
  • 1927 Year Built
Property Description

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).

Basic Details
Residential Income
For Sale
23307653
$5,750,000
24
16
19,149
1927
0.44 Acre
Active Under Contract
Features
: None
: None
: None
$0
Address Map
CA
Los Angeles
Los Angeles
90036
Orange Grove
356 - 366
Avenue
W119° 38' 36.7''
N34° 4' 8''
Near cross streets N Orange Grove Ave and Oakwood Ave.
C19 - Beverly Center-Miracle Mile
N
LAR3
Additional Information
$0
$0
$0
$0
$0
19149
: Two
16
2023-09-07
2
2
Broker/Agent Information
Marcus & Millichap
Saadia 'Sam' Liberow
Listing Information
CLW-C119946
CLW-X75151
Active Under Contract
2024-09-30T18:47:22Z
CRMLS
: Standard
2024-02-15T16:00:00Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069