431 Cedar Street

431 Cedar Street

Los Angeles, CA 90065

$349,000
Price
2,175 / 0.05
Lot Size / Acres
front view of a house with a yard
a roof deck with table and chairs and potted plants
a living room with furniture and large windows
a view of hallway with livingroom and furniture
a dining room with furniture and a large window
a kitchen with kitchen island and appliances
a bedroom with a bed and a dresser
a balcony with table and chairs
a view of a balcony with lake view and a ocean view
an aerial view of a house with a yard and lake view
a picture of a bathroom with a shower
a black and white photo of a outdoor space
a picture of a bathroom with a window
an aerial view of a house with a yard
a view of a city
an aerial view of a city
a view of a house with a yard

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...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
  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

Location

Listing Courtesy of Silverwood Properties, Ken Shapiro, DRE #01715663
Add your commute
LISTING UPDATED: 03/24/2024 10:01 AM

Property Details for 431 Cedar Street

StatusActive
MLS #23-277755
Days on Market328
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.05 AC
CountyLos Angeles County

Location

Listing Courtesy of Silverwood Properties, Ken Shapiro, DRE #01715663
Add your commute

Building Information for 431 Cedar Street

Lot Size0.05 AC

Payment Calculator

$1,905 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,905

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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.

Schools near 431 Cedar Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Loreto Street Elementary School
Public - K to 5
Benjamin Franklin Senior High School
Public - 6 to 12
Woodrow Wilson Senior High School
Public - 9 to 12
Abraham Lincoln Senior High School
Public - 9 to 12
Rating
School
Distance
Loreto Street Elementary School
PublicK to 5

Benjamin Franklin Senior High School
Public6 to 12

Woodrow Wilson Senior High School
Public9 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.

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More information about 431 Cedar Street, Los Angeles, CA 90065

431 Cedar Street is a 0.05 ac of land for sale in Los Angeles, CA 90065. This property was listed for sale on June 4, 2023 by Silverwood Properties, it's currently listed at $349,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Loreto Street Elementary School, Benjamin Franklin Senior High School and Woodrow Wilson Senior High School. 431 Cedar Street is a 0-bed, 0-bath, 0.05 ac of land on a 2,175 sq. ft. / 0.05 acres lot.

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. 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.