715 E 41st Pl - Residential LAND FOR SALE


Los Angeles, CA 90011- Vernon-Main7,318 SF
$850,000 USD
818-859-7242
715 E 41st Pl, Los Angeles, CA for Sale
$850,000 USD
Residential LAND - FOR SALE
1/9
7,318 SF

715 E 41st Pl
Los Angeles, CA 90011
Vernon-Main


HIGHLIGHTS

  • No rent control on the future project!
  • SB-8 EXEMPT!
  • Delivered RTI!!! Get ready to build ASAP.
  • Huge (7,320 SF) flat lot, ideal for a new construction project. Minimal land inventory of this size on the market.
  • Already demolished- saving money on demo costs!

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/ACRE

$5,058,197/AC

PRICE/SF

$116 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

USC Adj. RTI Land | SB-8 EXEMPT, NON RSO

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.17 AC

LAND SF

7,320 SF

OFFSITE IMPROVEMENTS

-

ZONING

LARD2

APN/PARCEL ID

5115-001-028

ASK ABOUT THIS PROPERTY

Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

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Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.