356 - 366 N Orange Grove Avenue Los Angeles, CA $ 5,750,000
356 - 366 N Orange Grove Avenue
$ 5,750,000
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356 - 366 N Orange Grove Avenue

Los Angeles, CA, 90036
$ 5,750,000
Bedrooms24 Baths16.0 Sq 19,149

Monthly Estimate*

$ 40,165

Listed by Marcus & Millichap
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Multi-Family Home for sale in Los Angeles, CA

for $5,750,000 with 24 bedrooms and 16 full baths. This 19,149 square foot home was built in 1927 on a lot size of 0.441.

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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Multi-Family Active

Price

$ 5,750,000

Bedrooms

24

Full Bath

16

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.441

Year Built

1927

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

23307653

Days on Market

234

Features
General
Heating None
Cooling None
Zoning LAR3
Year Built 1927
Stories 2
Levels Two
Gross Income 434929.0
County Los Angeles
Net Operating Income 250114.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status ActiveUnderContract
Directions Near cross streets N Orange Grove Ave and Oakwood Ave.
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 16
MLS Area C19 - Beverly Center-Miracle Mile
Lot Size Square Feet 19211.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Orange Grove
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 25
Standard Status ActiveUnderContract
Cap Rate 4.35
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Exterior
Parking Features None
Total Parking 15.0
Lot Size Area 19211.0
Number of Buildings 3
Spa N
Building Area Total 19149.0
Lot Size Acres 0.441
Lot Size Units SquareFeet
Lot Size Source Estimated
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Total Bedrooms 24
Electric On Property Y/N N
Total Baths 16
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Internal Only
Street Number 1 356
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* Excluded Features
List By
Marcus & Millichap

Broker

(818) 212-2795

Phone

Affordability Calculator

$40,165
Per Month
100%
0%
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Monthly Principal & Interest
$40,165
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/7/2023$5,750,000 Listed Price

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356 - 366 N Orange Grove Avenue, Los Angeles, CA, 90036 is a Multi-Family Home for sale at $5,750,000 with 19,149 sqft and a lot size of 0.441. 356 - 366 N Orange Grove Avenue has 24 bedrooms, 16.0 baths, and was built in 1927. The property's zip code is 90036 which is in Los Angeles, CA