$5,750,000
 $30,867 est/mo Sourced by Back At You

356 - 366 N Orange Grove Avenue , Los Angeles, CA 90036

Los Angeles, CA 90036

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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).

Details

MLS#23307653
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1927
Days On Site432
Listing Provided ByMarcus & Millichap 818-212-2700 | Saadia 'Sam' Liberow

Features

Bed(s)24
Bath(s)16
SQ Feet19,149
Story(s)2
Units16
Building(s)3
ZoningLAR3
Acreage0.44

Market Activity 90036

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 1 hour ago
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90036
AreaC19 Beverly Center Miracle Mile
Listing VS Median (in 90036)
Price:
$5,750,000
low | high
Med:
$12,138
100% of Average
SqFt:
19,149
low | high
Med:
2,278
100% of Average
$ / SqFt:
$300
low | high
Med:
$5
100% of Average
On Site:
432
low | high
Med:
36.000000
100% of Average
Sourced by Back At You
Listing Updated: September 27, 2024 at 1:30:04 PM PDT