356 - 366 N Orange Grove Avenue,Los Angeles, CA 90036
Los Angeles, CA 90036
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).
Details
| MLS # | 23307653 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1927 |
| Days On Site | 1151 |
| Listing Provided By | Marcus & Millichap | Saadia 'Sam' Liberow |
Features
| Bed(s) | 24 |
|---|---|
| Bath(s) | 16 |
| SQ Feet | 19,149 |
| Story(s) | 2 |
| Units | 16 |
| Building(s) | 3 |
| Zoning | LAR3 |
| Acreage | 0.44 |
Interior
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
Parking
| Parking Features | None |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90036 |
| Area | C19 Beverly Center Miracle Mile |
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90036 |
| Area | C19 Beverly Center Miracle Mile |
