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356-- 366 N Orange Grove Ave

Los Angeles, CA 90036
  • $5,750,000
  • STATUS: Active Under Contract
  • ON SITE: 528 Days
  • MLS #: 23-307653
Under Contract
UPDATED: 54 min ago
$5,750,000
  • 24
    BEDS
  • 0.44
    ACRES
  • 16
    BATHS
  • 0
    1/2 BATHS
  • 19,149
    SQFT
  • $300
    $/SQFT
Type:
Multi-Family
Built:
1927
County:

School Ratings & Info

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).

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-17T12:43:00.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/143184738
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356-- 366 N Orange Grove Ave Los Angeles, CA 90036

  • Price: $5,750,000
  • Status: Active Under Contract
  • On Site: 528 Days
  • Updated: 54 min ago
  • MLS #: 23-307653
24
Beds
16
Baths
0
½ Baths
0.44
Acres
19,149
SQFT
$300
$/SQFT
1927
Built
Neighborhood:
Beverly Center-Miracle Mile
County:
Los Angeles
Area:
Beverly Center-Miracle Mile
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).
Exterior Features

Levels Two Lot Size Area 19211 Other Structures None Parking Garage None Total Parking 15

Interior Features

Cooling None Equipment None Heating None

Property Features

Assessed Total Value 129530 Disclosures None Gross Income 434929 Gross Operating Income 421882 Like Units1 8 Like Units2 8 Net Operating Income 250114.00 Number Of Buildings 3 Number Of Units 16 Sale Type Standard Source Living Area Estimated Source Lot Size Area Estimated Total Annual Expense 171767 Type Of Units Standard Year Built Source Vendor Enhanced Zoning LAR3

Listing provided courtesy of Saadia 'Sam' Liberow DRE#01933858 of Marcus & Millichap: 818-212-2700.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-17T12:43:00.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210