356 North Orange Grove Avenue Los Angeles, CA ^$ 5,750,000

356 North Orange Grove Avenue

^$ 5,750,000

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356 North Orange Grove Avenue

Los Angeles, CA, 90036

^$ 5,750,000

Studio Baths0.0 Sq 19,149

Monthly Estimate*

^$ 40,165

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $5,750,000. This 19,149 square foot home was built in 1927 on a lot size of 0.44.

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).

Multi-Family Contingent

Price

^$ 5,750,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.44

Year Built

1927

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0023307653

Features

General

Sewer None

Zoning LAR3

Pool Features None

Year Built 1927

Levels Two

County Los Angeles

Net Operating Income 250114.0

New Construction No

Property Type C

HOA / Comm Assn No

Contingency Active Under Contract

Status Active Under Contract

City Los Angeles

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area C19 - Beverly Center-Miracle Mile

Lot Size Square Feet 19211.0

Street Name Orange Grove

Standard Status Active Under Contract

Buyer Agent Compensation Type %

Exterior

Lot Size Area 19211.0

Foundation Details None

Building Area Total 19149.0

Lot Size Acres 0.44

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 2

Air Conditioning Y/N No

Heating Y/N No

Street Suffix Avenue

Total Baths 0

* Excluded Features

List By

Saadia ''Sam'' Liberow

Listing Agent

Marcus & Millichap

Broker

Affordability Calculator

$40,165

Per Month

Monthly Principal & Interest: $40,165
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

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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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,999,871

Percent of Sale Price 65%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/8/2023	$5,750,000		Listed Price

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356 North 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 0.44. 356 North Orange Grove Avenue is a studio with 0.0 baths and was built in 1927. The property's zip code is 90036 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 2/20/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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356 North Orange Grove Avenue

Multi-Family Home for sale in Los Angeles, CA

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