Listed By:
Ken Shapiro with Silverwood Properties;
Address
431 W Cedar Street, Los Angeles, CA
Price
$ 349,000
Property Attributes
  • MLS#23277755
  • TypeLand
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMount Washington
  • Zip90065
  • Style
  • Price$ 349,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2,174 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

Seller has become much more motivated and, while not willing to reduce price, is very willing to entertain seller carryback at very good terms to the buyer, or any other creative financing ideas a buyer might have or think of. NOTE - THIS IS A VACANT LOT WITH APPROVED 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. According to our best estimates you can get a competent contractor to do this for approximately $500,000. It could even be considerably less expensive than that due to the fact that, according to Soils Report, bedrock is a mere one foot below the surface. This eliminates the need for the use of caissons, which represents a huge savings in construction. 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 $1.2 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 ready to issue' 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

Price History
6/6/2023 Listed $399,000
10/19/2023 1% - $398,000
11/16/2023 13% - $349,000

General Features

Zoning LAR1
View CityLights,Canyon
County Los Angeles
New Construction No
Property Type Land
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Special Listing Conditions Standard
Status Active
Directions From Figueroa go North on Ulysses East on Isabel to North on Cedar
City Los Angeles
View Y/N Yes
Senior Community Y/N No
MLS Area 680 - Mount Washington
Lot Size Square Feet 2175.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Cedar
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 210
Standard Status Active
MobileHomeRemainsYN No

Interior Features

Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Street Suffix Street
Electric On Property Y/N No

Exterior Features

Total Parking 0.0
Lot Size Area 2175.0
Spa No
Lot Size Acres 0.0499
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 90065

Price
AVG $300K
$350K
Visits
AVG 103
184
Data Provided by Inside Real Estate®