356 N Orange Grove Avenue
Los Angeles, CA, 90036
$5,750,000
Beds
0 Baths
SqFt
0.44 Acres
Add
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).

Property Details

Price:
$5,750,000
MLS #:
23307653
Status:
Active Under Contract
Baths:
0
Address:
356 N Orange Grove Avenue
Type:
Residential Income
Neighborhood:
c19beverlycentermiraclemile
City:
Los Angeles
Listed Date:
Sep 7, 2023
State:
CA
ZIP:
90036
Lot Size:
19,211 sqft / 0.44 acres (approx)
Year Built:
1927
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Cooling
None
Heating
None

Exterior

Parking Features
None
Parking Spots
15.00
Stories Total
2

Financial

Map

Community

Similar Listings Nearby

356 N Orange Grove Avenue
Los Angeles, CA