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Under contract
  • $5,750,000

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

    24beds
    16baths
    19,149sqft
    : 
    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
    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).
    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#: 23-307653MLS Logo
    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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