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

Multi-family

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

November 22, 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

51


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 Lorissa Singleton 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 11/22/2024

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