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$2,175,000
2 Days On Site

351 N Orange Grove Avenue
Los Angeles, CA 90036

For Sale|Residential Income|Active
8
Beds
4
Total Baths
5,985
SqFt
$363
/SqFt
1928
Built
County:
Los Angeles
Listed by Vangelis Korasidis of Coldwell Banker Realty ColdwellBankerBeverlyHills@yahoo.com

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351 N Orange Grove Avenue351 N Orange Grove Avenue351 N Orange Grove Avenue351 N Orange Grove Avenue
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We are excited to present a unique opportunity to purchase 351 N Orange Grove Ave, a fully occupied 4-unit apartment building centrally located in the highly sought-after Miracle Mile district of Los Angeles & next to West Hollywood. Constructed in the late 1920s with a Spanish architectural flair, the property offers a gross square footage of approximately 5,985 and is situated on a 6,373 sq ft lot. This property includes two spacious 2-bedroom, 1-bathroom unit downstairs, and two large 2-bedroom, 1-bathroom units upstairs, each approximately 1,500 sq ft. A key highlight is the full potential of the property for renovations enabling investors to realize the property's full income potential after their renovation is completed. The asset benefits from its designation within an HPOZ (Historic Preservation Overlay Zone), offering potential tax advantages, and also benefits from favorable R3 and TOC zoning, depending on HPOZ restrictions (buyer to verify). 351 N Orange Grove is optimally located just north of Beverly Blvd and The Grove, in the heart of Miracle Mile - an area renowned for its cultural, dining, and shopping amenities. With a Walk score of 92, the neighborhood is a veritable "walker's paradise", offering residents an array of nearby conveniences and an outstanding quality of life. It's approximately 1/2 mile from The Grove, LA's premier shopping and dining destination, featuring a mix of high-end retailers and unique boutiques, alongside world-class dining options, offering a desirable lifestyle for potential tenants. Just a block away from CBS studios. This property, with its historic charm, substantial square footage, zoning advantages, and superior location, offers an exceptional investment opportunity to maximize income potential and capital appreciation in the highly coveted Miracle Mile area. Motivated seller!

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Listing Snapshot
Price 
$2,175,000
Days On Site 
2 Days
Bedrooms 
8
Inside Area (SqFt) 
5,985 sqft
Total Baths 
4
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1463 Acres
Year Built 
1928
MLS® Number 
26664183
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
2 days agoListing first seen on site
General Features
Acres 
0.1463
Disclosures 
SellerDisclosure
Garage 
Yes
Garage Spaces 
5
Levels 
One
Number Of Stories 
2
Parking 
Covered
Parking Spaces 
5
Special Circumstances 
Standard
SqFt Total 
5985
Zoning 
LAR3
Interior Features
Appliances 
RefrigeratorDryerWasher
Heating 
CentralForced Air
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Community Features
MLS Area 
C19 - Beverly Center-Miracle Mile


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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