We are excited to present a unique opportunity to purchase 351 N Orange Grove Ave, a fully occupied 4-unit apartment building centrally located in the highly sought-after Miracle Mile district of Los Angeles & next to West Hollywood. Constructed in the late 1920s with a Spanish architectural flair, the property offers a gross square footage of approximately 5,985 and is situated on a 6,373 sq ft lot. This property includes two spacious 2-bedroom, 1-bathroom unit downstairs, and two large 2-bedroom, 1-bathroom units upstairs, each approximately 1,500 sq ft. A key highlight is the full potential of the property for renovations enabling investors to realize the property's full income potential after their renovation is completed. The asset benefits from its designation within an HPOZ (Historic Preservation Overlay Zone), offering potential tax advantages, and also benefits from favorable R3 and TOC zoning, depending on HPOZ restrictions (buyer to verify). 351 N Orange Grove is optimally located just north of Beverly Blvd and The Grove, in the heart of Miracle Mile - an area renowned for its cultural, dining, and shopping amenities. With a Walk score of 92, the neighborhood is a veritable "walker's paradise", offering residents an array of nearby conveniences and an outstanding quality of life. It's approximately 1/2 mile from The Grove, LA's premier shopping and dining destination, featuring a mix of high-end retailers and unique boutiques, alongside world-class dining options, offering a desirable lifestyle for potential tenants. Just a block away from CBS studios. This property, with its historic charm, substantial square footage, zoning advantages, and superior location, offers an exceptional investment opportunity to maximize income potential and capital appreciation in the highly coveted Miracle Mile area. Motivated seller!
For sale
$2,295,000
351 N Orange Grove Ave, Los Angeles, CA 90036
8beds
4baths
5,985sqft
Est.:
Multi Family
Built in 1928
-- sqft lot
$-- Zestimate®
$383/sqft
$-- HOA
What's special
Spanish architectural flair
- 93 days
- on Zillow |
- 549 |
- 35 |
Zillow last checked: 7 hours ago
Listing updated: August 02, 2025 at 03:46am
Listed by:
Vangelis Korasidis DRE # 01222626 310-405-9500,
Coldwell Banker Realty 310-777-6200
Source: CLAW,MLS#: 25534539

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Other
Appliances
- Included: Dryer, Washer, Refrigerator, Range/Oven
Interior area
- Total structure area: 5,985
- Total interior livable area: 5,985 sqft
Property
Parking
- Total spaces: 5
- Parking features: Covered, Garage - 4+ Car, Garage Is Detached
- Garage spaces: 5
Features
- Levels: One
- Stories: 2
Lot
- Size: 6,372.83 Square Feet
Details
- Additional structures: None
- Parcel number: 5527037010
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1928
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $383/sqft
- Tax assessed value: $163,146
- Annual tax amount: $2,702
- Date on market: 5/6/2025
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