715 E 41st Place, Los Angeles, CA 90011
- $799,000
Listing courtesy of Listing Agent: Shawn S. Kormondy (skor@SkorREG.com) from Listing Office: Keller Williams Beverly Hills.
- List Price
- $799,000
- Price Change
- ▼ $26,000 1789429687
- Status
- Active
- MLS#
- 26664257
- Lot Size
- 7,320
- Lot Location
- Flat
- Days on Market
- 187
- Property Type
- Land
- Property Type
- Land
Property Description
Developers and investors- great opportunity near USC and Exposition Park! 715 E 41st Pl is an SB 8-exempt, non-rent-controlled, approximately 7,320 SF flat lot with multiple potential development options. Seller has created renderings for a potential 6-7 unit development, consisting of a 3-story triplex (approximately 1,800 SF each) + three ADUs (approximately 1,200 SF each), totaling approximately 9,000 SF of living space, 18 bedrooms, 15 bathrooms, and 3 parking spaces. The concept utilizes SB 1211 and AB 2097 to maximize unit size and rental density, with potential for a 7th unit by converting the front 2-car garage into an approximately 400 SF ADU. Seller also has expired fourplex plans featuring a 6BR/6BA residence, 3BR/3BA ADU, and two 4BR/4BA townhomes with flex spaces offering potential for future ADU conversion, plus 10 total parking spaces. The previous structure has already been demolished, potentially saving approximately $50K in demolition costs. Conveniently located near USC, Exposition Park and DTLA. Buyer to conduct their own due diligence regarding development and use of the property.
Additional Information
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.