Los Angeles, CA 90065,431 W Cedar ST
Los Angeles, CA 90065,431 W Cedar ST
Los Angeles, CA 90065,431 W Cedar ST
Los Angeles, CA 90065,431 W Cedar ST
Los Angeles, CA 90065,431 W Cedar ST
Los Angeles, CA 90065,431 W Cedar ST
See all 18 photos

$205,000

$249,000

17.7%
Est.Price: ?

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Est. payment /mo

2,173 Sqft Lot


SOLD DATE : 10/08/2024

Key Details

Sold Price $205,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 23277755

Sold Date 10/08/24

HOA Y/N No

Lot Size 2,173 Sqft

Property Description

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

Location

State CA

County Los Angeles

Area 680 - Mount Washington

Zoning LAR1

Interior

Fireplace No

Exterior

View Y/N Yes

View City Lights, Canyon

Building

New Construction No

Others

Senior Community No

Tax ID 5451025012

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Ken Shapiro • Silverwood Properties
Bought with Ken Shapiro • Silverwood Properties
agent-avatar

+1(951) 225-2964

dillon@dillonhallrealtor.com

27465 Jefferson Ave, Temecula, California, 92590

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