356 - 366 N Orange Grove AVE, Los Angeles, CA 90036
356 - 366 N Orange Grove AVE, Los Angeles, CA 90036
356 - 366 N Orange Grove AVE, Los Angeles, CA 90036
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Diego Magdaleno

Diego Magdaleno

+1(714) 376-8652
$5,750,000
Est. payment /mo
24 Beds
16 Baths
19,149 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 19,149 sqft

Price per Sqft $300

MLS Listing ID 23307653

Bedrooms 24

HOA Y/N No

Year Built 1927

Lot Size 0.441 Acres

Property Description

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).

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAR3

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features None

Total Parking Spaces 15

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5527038027

Special Listing Condition Standard

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Listed by Saadia 'Sam' Liberow Marcus & Millichap #01933858

NEARBY SCHOOLS & PROPERTIES

Diego Magdaleno

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356 - 366 N Orange Grove AVE

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