CA > Los Angeles
Los Angeles, CA 90036,356 N Orange Grove Ave
Los Angeles, CA 90036,356 N Orange Grove Ave
Los Angeles, CA 90036,356 N Orange Grove Ave
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Terrance Scotton, Broker Associate

Terrance Scotton, Broker Associate

+1(626) 788-9299
$5,750,000
Est. payment /mo
24 Beds
16 Baths
19,149 SqFt
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UPDATED:

02/17/2024 12:11 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 19,149 sqft

Price per Sqft $300

MLS Listing ID 23-307653

Bedrooms 24

Year Built 1927

Lot Size 0.441 Acres

Acres 0.441

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).

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Garage None

Garage Spaces 15.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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Listed by Marcus & Millichap

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Terrance Scotton, Broker Associate

+1(626) 788-9299

Broker Associate | License ID: 01707848 NMLS: 908256

Broker Associate License ID: 01707848 NMLS: 908256

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