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715 E 41st Place

Los Angeles, CA 90011
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SqFt7,320

Sqft(Lot)

Developers and investors-- great opportunity to build near USC and Exposition Park! 715 E 41st Pl is an SB-8 exempt, non-rent controlled 7,320 SF flat lot delivered with approved plans for a fourplex which includes one 6BR/6BA single-family residence with a first-floor flex room and private entrance, one 3BR/3BA ADU, and two 4BR/4BA townhomes with additional flex space and private entrances that offer potential for future ADU conversion. The project has been engineered to reduce construction costs by eliminating expensive structural elements such as steel beams and complex cantilevers. The previous structure has already been demolished, saving appx $50K and eliminating rent control concerns. Plans include 9 permitted parking spaces plus 1 bonus space (10 total), spacious bedrooms designed for student housing or master lease strategies, and private outdoor spaces for each unit and flex room. In addition to the approved fourplex plans, the seller has also explored higher-density options utilizing SB 1211, which could allow up to 6 units with a triplex and three detached ADUs. One concept maximizes living area with appx 9,000 SF, 18 bedrooms, and 15 bathrooms, while another prioritizes parking with appx 7,500 SF, 15 bedrooms, 15 bathrooms, and up to 6 parking spaces. There is also potential for a 7-unit configuration by converting garage space in the triplex design. SB-8 exempt 7,000+ SF development lots with approved plans in this area are increasingly rare, making this a strong opportunity for developers seeking a streamlined project in a high-demand rental market.

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Detail Ic Property Details

Property Type : Land

Price : $825,000

AD Id : 76121576

MLS Id : 26664257

Lot Size : 7,320 Sqft(Lot)

County : Los Angeles

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  • Lot Information

    Lot Dimensions: 54x134 Main Square Feet: 7320 Lot Size Acres: 0.168 Lot Size Source: Assessor Lot Size Square Feet: 7,320 Lot Description: Flat

  • Listing Price Information

    Listing Price: $825000

  • Tax Information

    Parcel Number: 5115001028

  • Location Information

    Direction: South of Martin Luther King Jr Blvd, east of Avalon Blvd. Lot is on 41st Pl between Avalon & McKinley Ave
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4366 Compton Ave, Los Angeles, CA, 90011 $749,000 -- -- -- 5,662.80 Sqft(Lot)
1192 E Vernon, Los Angeles, CA, 90011 $699,000 -- -- -- 5,967 Sqft(Lot)
964 Jefferson Boulevard, Los Angeles, CA, 90011 $1,895,000 -- -- -- 8,954 Sqft(Lot)
142 E Vernon Avenue, Los Angeles, CA, 90011 $745,000 -- -- -- 6,593 Sqft(Lot)

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ByOwner last updated this listing 07/24/2026 @ 12:56

MLS: 26664257 LISTED BY: Shawn S. Kormondy, Keller Williams Beverly Hills 310-432-6400 SOURCE: CRMLS

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