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431 W Cedar St, Los Angeles, CA 90065
$349,000
431 W Cedar St, Los Angeles, CA 90065View this property at 431 W Cedar St, Los Angeles, CA 90065
431 W Cedar StLos AngelesCA90065
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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
Full Property Details
Full Property Details for 431 W Cedar St
General
- Price: $349,000
- Status: Active
- Type: Lots/Land
- MLS ID: 23-277755
- Updated: 3/24/2024
- Added to Site: 332 day(s) ago
Location
- Area: Mt Washington
- County: Los Angeles
- Driving Directions: From Figueroa go North on Ulysses East on Isabel to North on Cedar
Lot Features
- Property View: City, Canyon
- Lot Size (Acres): 0.0499
- Lot Size: 2175
- Lot Size Source: Assessor
- Zoning: LAR1
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5451-025-012
Listed by Silverwood Properties, Ken Shapiro
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Schools
Schools serving 431 W Cedar St
School District:Compton Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
905 N Aranbe Ave, Compton, CA 90220 | K-8 | 0.1 mi | |
621 W Poplar St, Compton, CA 90220 | 6-8 | 0.2 mi | |
601 S Acacia Ave, Compton, CA 90220 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 431 W Cedar St
Date
Details
Price
Change
Source
11/15/2023
Price Reduced
$349,000
-12.31%
MLS
10/17/2023
Price Reduced
$398,000
-0.25%
MLS
6/04/2023
Listed
$399,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 431 W Cedar St
431 W Cedar St, Los Angeles, CA 90065 (MLS# 23-277755) is a Lots/Land property with a lot size of 0.0499 acres. 431 W Cedar St is currently listed for $349,000 and was received on June 04, 2023. Want to learn more about 431 W Cedar St? Do you have questions about finding other Lots/Land real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.