Ready-to-Build Fourplex Near
For Sale
$850,000
715 E 41st Place, Los Angeles, CA 90011
SB-8 exempt lot with RTI plans for a fourplex.
Property SizeContact for details
Days on Market499
Property Features for 715 E 41st Place
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$30,886
Listing Agency:
MYUNITS.COM INC.
Listed By:
LAUREN CEARLEY
Source:
Corcoran
Added: Apr 24, 2025
Changed: Mar 16
Last Checked: Aug 22 at 7:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MYUNITS.COM INC.
Investment Insights
Based on property information with market context.
This 7,320 square foot flat lot presents an opportunity to construct a new fourplex, situated 10 minutes from USC and Exposition Park. The property is SB-8 exempt and not subject to rent control. Ready-to-Issue (RTI) plans are included for a fourplex featuring a 6-bedroom, 6-bathroom single-family residence with a first-floor flex room and private access, a 3-bedroom, 3-bathroom Accessory Dwelling Unit (ADU), and two 4-bedroom, 4-bathroom townhomes with potential for ADU conversion due to added flex space with private entrances. The plans are designed to minimize construction costs, avoiding steel beams and non-aligning interior framing. The existing home has been demolished, saving on demolition costs. There are three large flex rooms (450 square feet or more) with private entrances and yard space, suitable for generating additional income. The plans include nine legal parking spaces and one bonus space, totaling ten spots. All units have bedroom sizes of 10' x 12' minimum, accommodating a queen-size bed and a computer desk. All units, including the flex rooms, have large usable private open spaces.
Key Highlights
- RTI plans included for a fourplex featuring a 6‑bedroom SFR, a 3‑bedroom ADU, and two 4‑bedroom townhomes.
- SB‑8 EXEMPT and NON‑RENT CONTROLLED, offering significant development advantages.
- Demolition is complete, saving over $50,000 and eliminating hassle.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,667
Businesses Nearby
Explore this area
Business Placement
Demographics for 90011, CA
102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - SB-8 exempt lot with RTI plans for a fourplex.
Where is this residential land & home lot located?
The property is located at 715 E 41st Place Los Angeles, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: RTI plans included for a fourplex featuring a 6‑bedroom SFR, a 3‑bedroom ADU, and two 4‑bedroom townhomes.; SB‑8 EXEMPT and NON‑RENT CONTROLLED, offering significant development advantages.; Demolition is complete, saving over $50,000 and eliminating hassle.
