$249,000 Price Analysis   ♡   Los Angeles, CA 90065 Unknown bed 0 bath unknown SqFt ($0/SqFt) 2,175SqFt lot. Listed 2023-06-06 | Ⓧ USDA Ineligible due to property near Los Angeles |
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 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 fantastic 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 permt is already in hand getting financing on all this should be easy to do. For a builder the site is 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
Presented by Ken Shapiro at
Silverwood Properties.
Property MLS #23-277755 from TheMLSCLAW
Lot Size Source: Assessor
Lot Size Square Feet: 2175
Calculated Total Monthly Association Fees: 0
County: Los Angeles
Directions: From Figueroa go North on Ulysses East on Isabel to North on Cedar
Source Property Type: Land
Area: Mt Washington
Source Neighborhood: Mt Washington
Parcel Number: 5451-025-012
Zoning: LAR1
Source System Name: C2C
$249,000
TheMLSCLAW
Price Changed 2023-11-17
$349,000
TheMLSCLAW
Price Changed 2023-10-17
$398,000
TheMLSCLAW
Listing removed 2023-06-16
$0
TheMLSCLAW
Listed 2023-06-06
$399,000
TheMLSCLAW
Listed 2023-05-19
$399,000
TheMLSCLAW
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.