356 - 366 N Orange Grove AVE, Los Angeles, CA 90036
356 - 366 N Orange Grove AVE, Los Angeles, CA 90036
356 - 366 N Orange Grove AVE, Los Angeles, CA 90036
356 - 366 N Orange Grove AVE, Los Angeles, CA 90036
356 - 366 N Orange Grove AVE, Los Angeles, CA 90036
356 - 366 N Orange Grove AVE, Los Angeles, CA 90036
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 5,750,000
Est. payment | /mo

24 Beds

16 Baths

19,149 SqFt

Save
$ 5,750,000
Est. payment | /mo
Save

24 Beds

16 Baths

19,149 SqFt

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 19,149 sqft

Price per Sqft $300

MLS Listing ID 23307653

Bedrooms 24

HOA Y/N No

Year Built 1927

Lot Size 0.441 Acres

Property Description

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).

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAR3

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features None

Total Parking Spaces 15

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5527038027

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Saadia 'Sam' Liberow Marcus & Millichap #01933858

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.