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House Los Angeles (United States)by annonceur international
Buy this luxury house in Los Angeles (United States) - White house facade with garden
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HouseLos Angeles (United States)
Price :
$2,175,000
($3,912 / m²)
Surface556 m²bedrooms8

Why this property will seduce you

  • Prime Location: Heart of Miracle Mile, adjacent to West Hollywood.
  • Historic Charm: Spanish-inspired 1920s architecture.
  • Renovation Potential: Enhanced income post-renovation.
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!
Advertiser reference : 114849595Le Figaro Properties reference : 100967561

Its assets

  • Garage & Parking

In detail

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House Los Angeles (United States)

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Buy this luxury house in Los Angeles (United States) - White house facade with garden
White facade Spanish style house architecture in this luxury house for sale in Los Angeles ($2,175,000 - 556 m²)
White house with lush green garden - Luxury house for sale in Los Angeles, 8 bedrooms
House purchase in Los Angeles (United States)
House - photo 5View the 19 photos

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annonceur international
8 Rue Centrale1003 Lausanne (Switzerland) All the listings of this agency

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Do you have a property to sell?

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