431 W Cedar Street
Los Angeles, CA 90065
- – beds
- – baths
- – sqft
- 2,175 sqft lot
- – on site
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Seller is finally ready to 'firesale' this property at $249K. With a construction budget of $650K and an After Completion Value of S1.3mm this is a steal for anyone who knows what they are doing. Is that you???? And don't forget, this property is not just "permit ready to issue;" It is "permit actually in the hands of the seller, ready to hand it off to you at the close of escrow". PLANS TO BUILD THE HOME SHOWN IN THESE RENDERINGS (photos.) Here is a rare opportunity to build and own your brand new home in the lush hills of Mt Washington. This plot of land is 'ground-break' ready, right now. You can immediately begin to build the home you see here in the renderings. Between the price of acquiring the land and then building it, you would be 'all in' at roughly $900,000, and possibly a lot less. A comparable marketing analysis is showing that the market value of the property is right around $1.3 million (once the home is completed)! As you can see from the renderings it will be an exquisite home, with a lovely, inviting outdoor space on the front and rear of the property and two car covered parking. It sits in between two homes, one of which was recently renovated, and the one on the other side is being renovated as we speak. The street itself is a safe, quiet, and pretty cul-de-sac which ensures a serene and pleasant environment. Right next to the property on the west side is a narrow strip of city owned land which it is highly unlikely to be feasible for anyone to ever build on, offering a great buffer of seclusion and privacy. Lastly you will enjoy from almost any part of the property a great downtown view and also great canyon views. Since the land is permit is already in hand getting financing on all this should be very easy to do. For a builder the site is very accessible and offers a convenient staging area right next to the property for equipment, etc. The lot itself is a relatively simple build as you will see in the plans. You are welcome to visit it and walk on anytime you like.*Listing is for the land only. **First 10 images are artist renderings of the proposed Single Family Residence
Last checked:
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Last updated Dec 9, 2024
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MLS# 23277755 —
The Building
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New Construction:No
Location
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Directions:From Figueroa go North on Ulysses East on Isabel to North on Cedar
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Latitude:34.09087100
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Longitude:-118.21460400
The Property
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Property Type:Land
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Zoning:LAR1
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Lot Size Area:2175.0000
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Lot Size Acres:0.0499
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Lot Size SqFt:2175.00
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Lot Size Source:Assessor
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View:1
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View:City Lights, Canyon
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5451025012
The Community
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Association:No
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Senior Community:No
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Assessments:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/4/24
Oct 4, 2024
|
BRIDGE | $249,000 | -37.6% (-29.6% / YR) | |
|
6/28/23
Jun 28, 2023
|
BRIDGE | $399,000 | ||
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6/28/23
Jun 28, 2023
|
Sold Subject To Contingencies | CRMLS_CA | $399,000 |
