356 - 366 N Orange Grove Avenue, Los Angeles 90036

$5,750,000

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3

Beds

2

Baths

19,149

Square feet

19,211

Lot Size

16

# Of Units

Listing Agent
Saadia 'sam' Liberow - Marcus & Millichap

About 356 - 366 N Orange Grove Avenue

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).

Features of 356 - 366 N Orange Grove Avenue

MLS® # 23307653
Price $5,750,000
Bedrooms 3
Bathrooms 2.00
Square Footage 19,149
Lot Size 19,211
Year Built 1927
Type Residential Income
Status Active Under Contract
# Of Units 16

Community Information

Address 356 - 366 N Orange Grove Avenue
Area C19 - Beverly Center-Miracle Mile
City Los Angeles
County Los Angeles
Zip Code 90036

Amenities

Parking Spaces 15
Parking None
Garages None
Is Waterfront No
Has Pool No

Interior

Heating None
Cooling None
Has Basement No
Fireplace No
# of Stories 2
Stories Two

Additional Information

Date Listed September 7th, 2023
Days on Market 784
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentSaadia 'sam' Liberow
OfficeMarcus & Millichap

Listing Map

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