$5,750,000
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N Orange Grove Avenue Avenue Los Angeles, CA 90036
Cluster
Residence
24
Beds
16
Baths
19,149
Sq. Ft.
0.44
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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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 de...sirable 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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MLS#
23307653
Property Type
Cluster
Status
Active Under Contract
Bedrooms
24
Bathrooms
Year Built
1927
Square Feet
19,149
sq. ft
Lot Size
0.44
Stories
2.0
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