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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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715 E 41st Place Los Angeles, CA 90011
$825,000 0 beds, 0 baths
0 sqft
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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 approved plans for a fourplex which includes 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 approved 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 Details

Property type: (Lots/Land)
Status: Active
MLS# 26664257
List price is $825,000
Beds: 0
Baths: 0
0.17 acres
Lot size: 0.1680
County: Los Angeles
Zoning: LARD2
Lot description: Flat
MLS area: C42 - Downtown L.A.

Last Updated: 4/11/2026

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.008481, -118.263100.
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Listing Agent: Shawn S. Kormondy
Co Listing Agent: Sabina Yi
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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