356 N Orange Grove Ave, Los Angeles, CA 90036
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356 N Orange Grove Ave Los Angeles, CA 90036

$5,750,000
  • 24 Beds
  • 16 Baths
  • 19,149 Sq.Ft.
Back Up Offer
$5,750,000 Get Pre-Qualified

Map preview of 356 N Orange Grove Ave, Los Angeles, CA 90036

Property Overview: 356 N Orange Grove Ave Los Angeles, CA has 24 bedrooms, 16 bathrooms, 19,149 living square feet and 19,211 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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).

Listed by Saadia 'Sam' Liberow | BRE #01933858 | Marcus & Millichap
Last checked: 11 minutes ago | Last updated: February 17th, 2024 | Source CRMLS | DOM: 149
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Home details

Lot Sq. Ft
19,211
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Back Up Offer
MLS#
23307653
City
Los Angeles
County
Los Angeles
Time on Site
309 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,541
  • Total Rent: $20,328
  • Pro Forma/Market Rent: $23,160
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,990
  • Total Rent: $15,917
  • Pro Forma/Market Rent: $19,160
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.35%
  • Gross Rent Multiplier: 13.22
  • Gross Scheduled Income: --
  • Net Operating Income: $250,114
  • Gross Operating Income: $421,882
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 356 N Orange Grove Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 15
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Estimated
Property Information
  • Total # of Units: 16
  • Parcel Number: 5527038027
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Near cross streets N Orange Grove Ave and Oakwood Ave.
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Sale History for 356 N Orange Grove Ave

Last sold on August 31st, 2012
  • February, 2024

  • Feb 16, 2024

    Date

    Back Up Offer

    CRMLS: 23307653

    $5,750,000

    Price

  • Sep 7, 2023

    Date

    Active

    CRMLS: 23307653

    $5,750,000

    Price

  • August, 2012

  • Aug 31, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 356 N Orange Grove Ave

Assessed Value (2020): $125,691
Year Land Value Improved Value Assessed Value
2020 $63,639 $62,052 $125,691

Home Value Compared to the Market

This property vs the competition

356 N Orange Grove Ave is listed 379.17% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $769 and this home is listed at $300.28 per/sqft which puts the price per square foot 60.95% lower than the median price per square foot for the city of Los Angeles.

About 356 N Orange Grove Ave

Detailed summary of property

356 N Orange Grove Ave is a multi family located in Los Angeles, CA 90036 and is currently in escrow to be sold. This multi family property offers 24 bedrooms, 16 bathrooms, roughly 19,149 living square feet, and sits on an approximately 19,211 square foot lot. 356 N Orange Grove Ave was first listed on ArdentRealEstateGroup.com on September 7, 2023. The homeowner is currently asking $5,750,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $769. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 379.17% higher than the median priced home. Local competing homes currently for sale include 3438 Potomac Ave, 204 N Manhattan Pl and 722 S Manhattan Pl. While the average home in Los Angeles, CA is selling in 101 days, 356 N Orange Grove Ave has a days on market of 149 days. There are currently 3970 homes for sale in the Los Angeles real estate market and 2658 of them are single family homes while 1194 of them are condos and 110 are townhomes. For more information on this home for sale at 356 N Orange Grove Ave Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 356 N Orange Grove Ave

Public county record property details
Beds
8
Baths
4
Year built
1927
Sq. Ft.
4,424
Lot Size
6,000
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
528
APN
5527-038-027

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,175,000
Median List Price/Sq.Ft.
$963
Median Sold Price
$2,310,000
Median Sold Price/Sq.Ft.
$778
Total Inventory
41
Median Sale to List Price %
94.29%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Related Resources to 356 N Orange Grove Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.