715 East 41st Place

Los Angeles, CA 90011

$850,000
Price
7,320 / 0.17
Lot Size / Acres

Description

Developers, this is an excellent opportunity to build a new construction fourplex 10 minutes from USC and Exposition Park! 715 E 41st Pl is an SB-8 EXEMPT, NON-RENT CONTROLLED, 7,320 square foot flat lot that is being delivered with RTI plans for a fourplex featuring one 6 bedroom, 6 bathroom SFR (featuring a 1st floor flex room with private access), one 3 bedroom, 3 bathroom ADU, and two 4 bedroom, 4 bathroom townhomes that boast potential for ADU conversion due to added flex space with private...Developers, this is an excellent opportunity to build a new construction fourplex 10 minutes from USC and Exposition Park! 715 E 41st Pl is an SB-8 EXEMPT, NON-RENT CONTROLLED, 7,320 square foot flat lot that is being delivered with RTI plans for a fourplex featuring one 6 bedroom, 6 bathroom SFR (featuring a 1st floor flex room with private access), one 3 bedroom, 3 bathroom ADU, and two 4 bedroom, 4 bathroom townhomes that boast potential for ADU conversion due to added flex space with private entrances. This rare property boasts countless perks that will make this project a very successful one, including:

1. Cost-Saving Engineering: The plan is designed closely with the structural engineer to minimize construction cost. No steel beams, two-way cantilevers, non-aligning interior framing, etc. Major cost savings.
2. Demolition Already Complete: The existing home has already been demolished, meaning no hastle on demolition and over $50,000 in savings. Plus, no rent control on the future project.
3. Flex Rooms: There are 3 large flex rooms (450 sf+ ) with a private entrance and yard space that will be ideal for generating additional income.
4. Ample Parking: The plans boast 9 legal parking spaces and 1 bonus space, making for a whopping 10 spots. That's a major feature for tenants! 5. Large Bedrooms designed for students/master leases: All units have bedroom sizes of 10' x 12' minimum that can accommodate both a queen size bed and a computer desk.
6. Private Open Spaces: All units, including the flex rooms, have large usable private open spaces. With SB-8 exempt, 7,000 square foot+ lots being extremely rare these days, you'll want to jump on this opportunity fast!
  1. Listed by Elizabeth Maddox • DRE #01921425 • Brokerage DRE #01921425 • Myunits.com Inc. • 818-850-8485
  2. Listed by Ian Maddox • DRE #02030205 • Brokerage DRE #01921425 • Myunits.com Inc.

Property Details for 715 East 41st Place

View
City Lights, Neighborhood
Assessor Parcel Number
5115-001-028
New Construction
No
Pool
No
View
Yes
Association
No
Association Fee
$.00
Zoning
LARD2

Location

Listing Courtesy of Myunits.com Inc., Elizabeth Maddox, DRE #01921425; Myunits.com Inc., Ian Maddox, DRE #02030205
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LISTING UPDATED: 04/29/2024 02:57 AM

Property Details for 715 East 41st Place

StatusActive
MLS #BB24017572
Days on Market96
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.17 AC
CountyLos Angeles County

Location

Listing Courtesy of Myunits.com Inc., Elizabeth Maddox, DRE #01921425; Myunits.com Inc., Ian Maddox, DRE #02030205
Add your commute

Virtual Tour

Building Information for 715 East 41st Place

Lot Size0.17 AC

Payment Calculator

$5,291 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,639

Property Taxes

$652

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 715 East 41st Place

Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Annual Amount: $30,886
  • Tax Block: 7
  • Tax Lot: 70
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
Exterior Features
  • View Description: City Lights
Distance To
  • Distance To Water: 0
Land/Lot Info
  • Lot Features: Level with Street, Lot 6500-9999, Value In Land, Yard
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Water: Public
  • Sewer: Private Sewer
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Carport Spaces: 0

Property History for 715 East 41st Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 715 East 41st Place

Taxable ValueLand$502,400Additions$125,600Total$628,000
Tax Record2023$7,819 ($652 / month)
Home Facts
Beds3Total Finished SqFt1,000 SqFtAbove Grade Finished SqFt1,000 SqFtStories1Lot Size7,324 SqFtStyleSingle Family ResidenceYear Built1977ZoningLARD2CountyLOS ANGELESAPN5115-001-028

Schools near 715 East 41st Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Wadsworth Avenue Elementary School
PublicK to 5

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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715 East 41st Place is a 0.17 ac of land for sale in Los Angeles, CA 90011. This property was listed for sale on January 29, 2024 by Myunits.com Inc., it's currently listed at $850,000. It has been on the market for a total of 96 days and was last sold on November 29, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Wadsworth Avenue Elementary School, Dr. Julian Nava Learning Academies-School Of Business And Technology and Social Justice Schools: Fine Arts Academy At Dr. Maya Angelou Community High. 715 East 41st Place is a 0-bed, 0-bath, 0.17 ac of land on a 7,320 sq. ft. / 0.17 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Myunits.com Inc., Elizabeth Maddox, DRE #01921425; Myunits.com Inc., Ian Maddox, DRE #02030205

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.