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Property Description

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!

Overview

Property Status
For Sale
Lot Size
6,373 Sq.Ft.
MLS ID
26664183
Property Type
Multi-Family
Year Built
1928

Features & Amenities

Stories
2
Garage Spaces
5.0
Parking
Covered Parking, Garage - 4 Car, Garage Is Detached
Heat Type
Forced Air, Central
Air Conditioning
Other, Air Conditioning, Ceiling Fan, Window Unit(s)
Appliances
Dryer, Washer, Refrigerator, Range/Oven
Sales Price
$2,175,000
Zoning
LAR3

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351 N Orange Grove Ave

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Thank you

for your interest in 351 N Orange Grove Ave, Los Angeles, CA 90036

351 N Orange Grove Ave
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