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… Read More 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). Read Less
Property listed by Marcus & Millichap, Saadia 'Sam' Liberow 310-259-7556
Listing Snapshot
Days Online
204
Last Updated
Beds
24
Square Ft.
19,149
Lot Size
0.44 Acres
Year Built
1927
MLS Number
23307653
Additional Details
Building
Built in 1927, Living area: 19149.0, 3 buildings, 2 stories, Levels: Two
Cooling
None
Heating
None
Income
Gross Income: $434,929, Net Operating Income: $250,114
Lot
0.441 acres
Parking
15 total parking spaces, None
Taxes
Parcel Number: 5527038027, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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