$5,750,000
356 - 366 N Orange Grove Avenue
Los Angeles, CA 90036
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).
Property Details
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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
Courtesy of Marcus & Millichap






