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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 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 Single Family Home

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

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Saadia 'Sam' Liberow Marcus & Millichap #01933858

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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