$825,000

715 E 41st Place, Los Angeles, CA 90011

Land
Built in ——
7,318sqft lot
—— car garage
$——/sqft
Listed 20 days ago

Property Description

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 RTI plans for a fourplex, allowing construction to begin immediately without entitlement delays. The approved plans include 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 RTI plans in this area are increasingly rare, making this a strong opportunity for developers seeking a streamlined project in a high-demand rental market.

Listing Status:: Active
Date Added:: March 13, 2026
Data Last Updated:: April 2, 2026 at 2:19PM
Listing Office:: Keller Williams Beverly Hills : 310-432-6400
Listing Agent:: Shawn S. Kormondy : 323-638-7567
MLS ID:: 26664257

Parking: Parking spaces: 0

Originating MLS: CRMLS_CL
County: Los Angeles

Topography: Level
Zoning: LARD25115001028
View: City LightsView

Source: CRMLS_CL

This listing courtesy of Shawn S. Kormondy , Keller Williams Beverly Hills

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Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Harmony Elementary School

899 E 42nd St, Los Angeles, CA, 90011

Grades PK-5

0.21 miles away

George Washington Carver Middle School

4410 McKinley Ave, Los Angeles, CA, 90011

Grades 6-8

0.41 miles away

Nava College Preparatory Academy

1319 E 41st St, Los Angeles, CA, 90011

Grades 9-12

0.69 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.