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).
Under contract
$5,750,000
356-366 N Orange Grove Ave, Los Angeles, CA 90036
24beds
16baths
19,149sqft
Est.:
Multi Family
Built in 1927
-- sqft lot
$6,462,800 Zestimate®
$300/sqft
$-- HOA
What's special
Orange grove portfolioTransit oriented communitiesHeight incentivesPotential parking reductionsAffluent demographics
- 532 days
- on Zillow |
- 9 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: February 16, 2024 at 09:11am
Listed by:
Saadia 'Sam' Liberow DRE # 01933858 718-406-3128,
Marcus & Millichap 818-212-2700
Source: CLAW,MLS#: 23-307653

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 16
Heating
- None
Cooling
- None
Interior area
- Total structure area: 19,149
- Total interior livable area: 19,149 sqft
Property
Parking
- Total spaces: 15
- Parking features: None
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.44 Acres
Details
- Additional structures: None
- Zoning: LAR3
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1927
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $300/sqft
- Tax assessed value: $129,530
- Date on market: 2/17/2024
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