Active

715 E 41st Place

Los Angeles, CA 90011
Mark as Favorite
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.

Read More Expand

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

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bathroom Information

    Total Baths: 0 Full Baths: 0 Half Baths: 0

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.168 Lot Size Dimensions: 54x134
  • Lot Size Source: Assessor Lot Size Square Feet: 7320

  • Listing Price Information

    Original List Price: 825,000 Listing Contract Date: 2026-03-13
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5115001028

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C42 - Downtown L.A. Postal Code Plus 4: 3126 Directions: South of Martin Luther King Jr Blvd, east of Avalon Blvd. Lot is on 41st Pl between Avalon & McKinley Ave Zoning: LARD2 Source Property Type: Land Area: C42 - Downtown L.A.
Sell a home like this and save $49,001 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

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)
1403 E 42nd Street, Los Angeles, CA, 90011 $700,000 -- -- -- 5,844 Sqft(Lot)
1192 E Vernon, Los Angeles, CA, 90011 $699,000 -- -- -- 5,967 Sqft(Lot)
142 E Vernon Avenue, Los Angeles, CA, 90011 $775,000 -- -- -- 6,593 Sqft(Lot)

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/07/2026 @ 17:45

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

Selling? Save $49,001 when you sell a home like this

Tour with a ByOwner Agent