$5,750,000
356 N Orange Grove Avenue
Los Angeles, CA, 90036
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).
Property Details
Price:
$5,750,000
MLS #:
23307653
Status:
Active Under Contract
Baths:
0
Address:
356 N Orange Grove Avenue
Type:
Residential Income
Neighborhood:
c19beverlycentermiraclemile
City:
Los Angeles
Listed Date:
Sep 7, 2023
State:
CA
ZIP:
90036
Lot Size:
19,211 sqft / 0.44 acres (approx)
Year Built:
1927
Schools
Interior
Cooling
None
Heating
None
Exterior
Parking Features
None
Parking Spots
15.00
Stories Total
2
Financial
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Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
356 N Orange Grove Avenue
Los Angeles, CA
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