431 Cedar Street

Los Angeles, CA 90065

$205,000
Last Sold Price
2,175 / 0.05
Lot Size / Acres

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...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
  1. Listed by Ken Shapiro • DRE #01715663 • Brokerage DRE #01715663 • Silverwood Properties

Property Details for 431 Cedar Street

Zoning
LAR1
Parcel Number
5451025012
Area
Mount Washington (680)
Lot Size Area
2175
Source Lot Size Area
Assessor
Assessor Parcel Number
5451-025-012
Directions
From Figueroa go North on Ulysses East on Isabel to North on Cedar
LISTING UPDATED: 10/10/2024 03:52 PM

Property Details for 431 Cedar Street

StatusSold
MLS #23-277755
Days on Market416
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.05 AC
CountyLos Angeles County

Building Information for 431 Cedar Street

Lot Size0.05 AC

Property Information for 431 Cedar Street

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: City, Canyon
  • View: City Lights, Canyon
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.0499
  • Lot Size Square Feet: 2175
  • Telephone: 0.0
  • Cable: 0.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 06-06-2023

Property History for 431 Cedar Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 431 Cedar Street

Taxable ValueLand$46,639Additions-Total$46,639
Tax Record2024$581 ($48 / month)
Home Facts
Beds0Lot Size2,175 SqFtStyleResidentialZoningLAR1CountyLOS ANGELESAPN5451-025-012

Schools near 431 Cedar Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 12
Public - 9 to 12
Rating
School
Distance
Loreto Street Elementary School
PublicK to 5

Luther Burbank Middle School
Public6 to 8

Benjamin Franklin Senior High School
Public6 to 12

Abraham Lincoln Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Silverwood Properties, Ken Shapiro, DRE #01715663

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.