715 E 41St Pl, Los Angeles, CA 90011
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715 E 41St Pl Los Angeles, CA 90011

$628,000 Sold Price as of 11/29/2022
  • 3 Beds
  • 2 Baths
  • 1,000 Sq.Ft.
Sold
$628,000 Sold Price as of 11/29/2022 Refinance Your Mortgage

Map preview of 715 E 41St Pl, Los Angeles, CA 90011

Property Overview: 715 E 41St Pl Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,000 living square feet and 7,317 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to present a great DEVELOPMENT Opportunity. Located near the LA Memorial Coliseum and USC, with easy access to the 10,110 and 105 Freeways. This Property is a SPLENDID opportunity to build multiple homes or units. Zoned LARD2, this home sits on large lot 7,317 square feet (per public record) surrounded by similar size lots which are either duplexes, triplexes, or multifamily units. *As part of the Southeast Los Angeles Community Plan, this property is zoned: ZI-2452 Transit Priority Area and ZI-2374 Los Angeles State Enterprise - a Tier 1 Transit Oriented Communities (TOC). This property will not qualify for FHA, Cash Offers preferred. *The two renderings are used only to reflect what may be possible to build on site. Data collected from Zimas, to be used only as reference and Buyer to perform own due diligence regarding zoning, permits, rent control and etc.

Listed by Taunee English | BRE #01475921 | eXp Realty of California Inc
Co-listed by Janine Gershon | BRE #00688335 | Douglas Elliman
Last checked: 1 minute ago | Last updated: June 8th, 2024 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
7,317
HOA Dues
$0/mo
Year built
1977
Garage
--
Property Type:
Single Family Home
Status
Sold
MLS#
22214471
City
Los Angeles
County
Los Angeles
Time on Site
696 days

Property Details for 715 E 41St Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Living Room
Bathroom Information
  • # of Baths (Full): 2
  • # of Baths (1/2): 0
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway, Garage - Two Door
  • Has Attached Garage
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Parcel Number: 5115001028
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Off 110 fwy, Exit Martin Luther King Jr Blvd left on East 41st Place
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Sale History for 715 E 41St Pl

Last sold for $628,000 on November 29th, 2022
  • June, 2024

  • Jun 8, 2024

    Date

    Expired

    CRMLS: BB24017572

    $850,000

    Price

  • Jan 29, 2024

    Date

    Active

    CRMLS: BB24017572

    $950,000

    Price

  • Listing provided courtesy of CRMLS

    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!

  • November, 2022

  • Nov 29, 2022

    Date

    Sold

    CRMLS: 22214471

    $628,000

    Price

  • Nov 1, 2022

    Date

    Active

    CRMLS: 22214471

    $649,997

    Price

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Tax History for 715 E 41St Pl

Assessed Value (2020): $67,255
Year Land Value Improved Value Assessed Value
2020 $10,311 $56,944 $67,255

Home Value Compared to the Market

This property vs the competition

715 E 41St Pl sold on November 29, 2022 for 41.96% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $650 per/sqft which puts the price per square foot 10.22% lower than the current median sale per square foot for the city of Los Angeles.

About 715 E 41St Pl

Detailed summary of property

715 E 41St Pl is a single family home that recently sold in Los Angeles, CA 90011. This house offered 3 bedrooms, 2 bathrooms, roughly 1,000 living square feet, and sits on an approximately 7,317 square foot lot. 715 E 41St Pl was first listed on ArdentRealEstateGroup.com on November 2, 2022. The homeowner sold the property for $628,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 41.96% lower than the current median priced home. Local homes that are currently for sale include 5053 Long Beach Ave, 1547 E 55th St and 537 W 49th Pl. While the average home in Los Angeles, CA is selling in 106 days, 715 E 41St Pl has a days on market of 12 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 715 E 41St Pl Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 715 E 41St Pl

Public county record property details
Beds
3
Baths
2
Year built
1977
Sq. Ft.
1,000
Lot Size
7,323
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
21,70
APN
5115-001-028

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$625,000
Median List Price/Sq.Ft.
$531
Median Sold Price
$590,000
Median Sold Price/Sq.Ft.
$438
Total Inventory
50
Median Sale to List Price %
102.61%
Avg Days on Market
46
Loan Type
Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.