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$799,000
Est. payment /mo
7,320 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26664257
Lot Size 7,320 Sqft
Acres 0.168
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
Area Downtown L.A.
Zoning LARD2
Exterior
Waterfront Description None
View Y/N Yes
View City, Walk Street
Others
Special Listing Condition Standard
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Listed by Keller Williams Beverly Hills
NEARBY SCHOOL & BUSINESS
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