Homes for sale - 356 - 366 N Orange Grove AVE, Los Angeles, CA 9003...

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Gregorio Real Estate Group- Josh Gregorio

josh.gregoriorealestategroup@gmail.com +1(661) 447-5111

$ 5,750,000

Est. payment | -/mo

24 Beds

16 Baths

19,149 SqFt

Save

$ 5,750,000

Est. payment | -/mo

Save

24 Beds

16 Baths

19,149 SqFt

Key Details

Property Type Multi-Family

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

Listed by Saadia 'Sam' Liberow • Marcus & Millichap

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 447-5111

josh.gregoriorealestategroup@gmail.com

3400 Calloway Dr Suite 700, Bakersfield, California, 93312, USA

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