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PendingLuxury

$5,750,000

19,149 sqft$300/sqft1158 days on market

356 - 366 N Orange Grove Avenue

Los Angeles, CA 90036

· 8% down, 7% APR, 30yr fixed

24

Beds

16

Baths

19,149

Square feet

1927

Built

Listing narrative

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).

Listing agent (MLS): Saadia 'Sam' Liberow · Listing brokerage (MLS): Marcus & Millichap

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$5,750,000

Beds

24 bd

Type

House

Home Size

19,149 sqft

Baths

16

Lot Size

0.44 acres

Year

1927

Status

Pending

Days on Market

1158

$ / Sqft

$300

· 8% down, 7% APR, 30yr fixed
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Courtesy of Marcus & Millichap