Thank you
Saadia 'sam' Liberow
Marcus & Millichap
818-212-2700
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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Total Bedrooms : 24
Total Baths: 16
Full Baths: 0
Half Baths: 0
None
Air Conditioning
None
Has Heating
Year Built: 1927
Building Area Total: 19,149
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.441
Lot Size Source: Estimated
Lot Size Square Feet: 19211
Original List Price: 5,750,000
Listing Contract Date: 2023-09-07
Listing Agreement: Seller Reserved
Parcel Number: 5527038027
Garage Description: None
Lease Term: Negotiable
Source Listing Status: Pending
Source Neighborhood: C19 - Beverly Center-Miracle Mile
Postal Code Plus 4: 2102
Directions: Near cross streets N Orange Grove Ave and Oakwood Ave.
Zoning: LAR3
Source Property Type: Residential Income
Area: C19 - Beverly Center-Miracle Mile
Property Age: 97
Year Built Source: Vendor Enhanced
Total Square Feet Living: 19149
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
816 S Orange Grove Avenue, Los Angeles, CA,90036 | $2,400,000 | 9 | 8 | 5,727 | 6028 Sqft |
5506 W Olympic Boulevard, Los Angeles, CA,90036 | $1,099,000 | 2 | 3 | 1,474 | 1543 Sqft |
920 S La Brea Avenue, Los Angeles, CA,90036 | $2,495,000 | -- | -- | -- | 6174 Sqft |
151 N Martel Avenue, Los Angeles, CA,90036 | $2,250,000 | 3 | 2 | 2,306 | 7002 Sqft |
434 N Ogden Drive, Los Angeles, CA,90036 | $2,995,000 | 8 | -- | 5,222 | 6375 Sqft |
525 N Sycamore Avenue #.., Los Angeles, CA,90036 | $511,000 | 1 | 1 | 680 | 39897 Sqft |
843 S Curson Avenue, Los Angeles, CA,90036 | $1,999,000 | 7 | -- | 3,936 | 5501 Sqft |
507 N Mansfield Avenue, Los Angeles, CA,90036 | $1,749,000 | 2 | 2 | 1,444 | 6007 Sqft |
633 N Vista Street, Los Angeles, CA,90036 | $1,574,900 | 4 | -- | 2,407 | 6104 Sqft |
631 N Vista Street, Los Angeles, CA,90036 | $1,574,900 | 4 | 4 | 2,407 | 6104 Sqft |
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ByOwner last updated this listing 05/02/2024 @ 10:32
MLS: 23307653
LISTED BY: Saadia 'Sam' Liberow, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.