Seller's Agent in 2024
Ken Shapiro
Silverwood Properties
(805) 415-8602
3 in this area
51 Total Sales
431 Cedar St Los Angeles, CA 90065
Mount Washington Neighborhood
0.05
Acre
$4,108,216
Price per Acre
2,175
Sq Ft Lot
Highlights
- City View
- Abraham Lincoln High School Rated A
- 4-minute walk to Greayers Oak Mini Park
About This Lot
As of October 2024Seller 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
Last Agent to Sell the Property
Silverwood Properties License #01715663 Listed on: 07/23/2024
Property Details
Property Type
- Land
Est. Annual Taxes
- $581
Lot Details
- 2,175 Sq Ft Lot
- Property is zoned LAR1
Property Views
- City
- Canyon
Listing and Financial Details
- Assessor Parcel Number 5451-025-012
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 3, 2024
Sold by
Cedar Lot Llc
Bought by
Modernmorph Construction Inc
Total Days on Market
479
Current Estimated Value
Purchase Details
Closed on
Nov 6, 2019
Sold by
Rjw Llc
Bought by
Cedar Lot Llc
Purchase Details
Closed on
Dec 5, 2013
Sold by
Jarosh Tashia G
Bought by
Rjw Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
4.04%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 8, 2002
Sold by
Declues Florida M
Bought by
Jarosh Tashi
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $205,000 | Old Republic Title | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $420,000 | Lawyers Title | |
| Warranty Deed | $1,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $775,000 | Construction | |
| Previous Owner | $370,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/08/2024 10/08/24 | Sold | $205,000 | -17.7% | $188 / Sq Ft |
| 09/25/2024 09/25/24 | Pending | -- | -- | -- |
| 07/23/2024 07/23/24 | For Sale | $249,000 | 0.0% | $229 / Sq Ft |
| 07/22/2024 07/22/24 | Price Changed | $249,000 | -28.7% | $229 / Sq Ft |
| 05/21/2024 05/21/24 | Pending | -- | -- | -- |
| 11/15/2023 11/15/23 | Price Changed | $349,000 | -12.3% | $321 / Sq Ft |
| 10/16/2023 10/16/23 | Price Changed | $398,000 | -0.3% | $366 / Sq Ft |
| 07/11/2023 07/11/23 | For Sale | $399,000 | 0.0% | $367 / Sq Ft |
| 06/28/2023 06/28/23 | Pending | -- | -- | -- |
| 06/04/2023 06/04/23 | For Sale | $399,000 | -- | $367 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $581 | $46,639 | $46,639 | -- |
| 2023 | $570 | $45,725 | $45,725 | $0 |
| 2022 | $540 | $44,829 | $44,829 | $0 |
| 2021 | $534 | $43,950 | $43,950 | $0 |
| 2020 | $150 | $11,206 | $11,206 | $0 |
| 2019 | $194 | $10,987 | $10,987 | $0 |
| 2018 | $145 | $10,772 | $10,772 | $0 |
| 2016 | $135 | $10,354 | $10,354 | $0 |
| 2015 | $133 | $10,199 | $10,199 | $0 |
| 2014 | $134 | $10,000 | $10,000 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ken Shapiro
Map
Source: The MLS
MLS Number: 23-277755
APN: 5451-025-012
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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