356 - 366 N Orange Grove Avenue

Los Angeles , CA 90036

MLS#: 23307653

$5,750,000

Status: Active Under Contract
Listing number: 23307653
Listing provided by: Marcus & Millichap
Listing agent phone: None
Last update: N/A
On site: 1 year, 11 months ago
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Property

Beds

24

Full Baths

None

1/2 Baths

None

Year Built

1927

Sq.Footage

19,149

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 & Amenities

Interior

  • Total Bedrooms

    24

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    N/A

  • Heating YN

    NO

  • Heating

    None

Exterior

  • Garage

    No

  • Parking

    None

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.441

  • Property Type

    Residential Income

Price

  • Sales Price

    $5,750,000

  • Sq. Footage

    19, 149

  • Price/SqFt

    $300

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

County

Los Angeles

Elementary School

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High School

Listing Courtesy of Saadia 'Sam' Liberow , Marcus & Millichap

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(818) 321-0175

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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).

356 - 366 N Orange Grove Avenue

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