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).
MLS# | 23307653 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active Under Contract |
Year | 1927 |
Days On Site | 432 |
Listing Provided By | Marcus & Millichap 818-212-2700 | Saadia 'Sam' Liberow |
Bed(s) | 24 |
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Bath(s) | 16 |
SQ Feet | 19,149 |
Story(s) | 2 |
Units | 16 |
Building(s) | 3 |
Zoning | LAR3 |
Acreage | 0.44 |
State | CA |
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County | Los Angeles |
City | Los Angeles |
Zip Code | 90036 |
Area | C19 Beverly Center Miracle Mile |
Listing VS Median (in 90036) | |
Price: $5,750,000 low | high Med: $12,138 SqFt: 19,149 low | high Med: 2,278 $ / SqFt: $300 low | high Med: $5 On Site: 432 low | high Med: 36.000000 |