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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).

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Additional Information
Marcus & Millichap
0
CLW-C119946
CLW-X75151
Saadia 'Sam'
5527038027
: Standard
Two
32

Multi-Family For Sale

356 Orange Grove Avenue, Los Angeles, California 90036

19,149 Sqft
$5,750,000
Listing ID #23307653
Basic Details
Status : Active under contract
DaysOnMarket : 25
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 23307653
Price : $5,750,000
Living Area : 19,149 Sqft
Lot Size : 19,211 Sqft
Year Built : 1927
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90036
Price Per Square Foot : $300
ModificationTimestamp : 2024-02-16 17:18:50
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