Los Angeles, CA 90036 356 N Orange Grove Ave
$5,750,000
25 more
Presented By: Saadia 'Sam' Liberow with Marcus & Millichap
Home Details
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).
Presented By: Saadia 'Sam' Liberow with Marcus & Millichap
Interior Features for 356 N Orange Grove Ave
Bedrooms
Total Bedrooms24
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths16
Other Interior Features
LivingAreaSourceEstimated
Air Conditioning Y/NNo
Heating Y/NNo
Total Stories2
General for 356 N Orange Grove Ave
Cap Rate4.35
CityLos Angeles
CoolingNone
CountyLos Angeles
Days on Market25
DirectionsNear cross streets N Orange Grove Ave and Oakwood Ave.
Gross Income434929
HOA / Comm AssnNo
HeatingNone
LevelsTwo
Lot Size Square Feet19211
Lot Size UnitsSquare Feet
MLS AreaC19 - Beverly Center-Miracle Mile
Net Operating Income250114
New ConstructionNo
NumberOfUnitsTotal16
Property TypeResidential Income
Senior Community Y/NNo
Standard StatusActive Under Contract
StatusActive Under Contract
Stories2
Year Built1927
ZoningLAR3
Exterior for 356 N Orange Grove Ave
Building Area Total19149
Lot Size Acres0.441
Lot Size Area19211
Lot Size SourceEstimated
Number of Buildings3
Parking FeaturesNone
Total Parking15
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480