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… Read More 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. Read Less
Courtesy of Coldwell Banker Realty 310-777-6200
Listing Snapshot
Days Online
32
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,985
Lot Size
0.15 Acres
Year Built
1928
MLS Number
25534539
30 Days Snapshot Of 90036
$1.76M
+8%
(avg) sold price
11
+175%
homes sold
85
+11%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dryer, Washer, Refrigerator, Range/Oven
Building
5,985 sq ft, Built in 1928, Levels: One
Disclosures
As Is, Property Report
Garage
None
Heating
Forced Air
Lot
LotAcreage: 0.1463, LotSizeArea: 6,373
Parking
TotalParking: 0
Property
NumberOfUnits: 4, Zoning: LAR3
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