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$ 799,000
Est. payment | /mo
7,320 Sqft Lot
$ 799,000
Est. payment | /mo
7,320 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL26664257
HOA Y/N No
Lot Size 7,320 Sqft
Acres 0.168
Property Sub-Type Unimproved 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.
Location
State CA
County Los Angeles
Zoning LARD2
Interior
Fireplace No
Exterior
View Y/N true
View City Lights
Building
New Construction No
Others
Tax ID 5115001028
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Listed by Shawn S. Kormondy • Keller Williams Beverly Hills
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