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Old 08-31-2015, 04:57 PM
 
Location: West Hollywood, CA
1,367 posts, read 1,753,127 times
Reputation: 1813

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do u think it would be better to buy some land and then build on it instead of buying something that's already overpriced?

example, there's this piece of land for sale in hollywood, about 65k. 8,000 sq ft lot.

does anyone know how it all works. if i were to buy land, how do i go about building a home? im assuming id have to contact a contractor .. im just wondering if i buy this piece of land for example, how much more money would I need to build, say, a 2 bed 2 bath house on it?

are we talking 300k? 400k? 500k?

nothing extremely high end.
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Old 08-31-2015, 05:07 PM
 
4,130 posts, read 8,688,732 times
Reputation: 3032
You're the oddest troll I've ever encountered. Are you on CD's payroll to make wierd posts and stimulate discussion?
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Old 08-31-2015, 05:11 PM
 
Location: West Hollywood, CA
1,367 posts, read 1,753,127 times
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Quote:
Originally Posted by JohnG72 View Post
You're the oddest troll I've ever encountered. Are you on CD's payroll to make wierd posts and stimulate discussion?
I have no idea what you're talking about.
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Old 08-31-2015, 05:19 PM
 
2,980 posts, read 3,728,145 times
Reputation: 1651
there's no way an 8k sq ft lot is going for 65k in hollywood
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Old 08-31-2015, 05:23 PM
 
Location: West Hollywood, CA
1,367 posts, read 1,753,127 times
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Quote:
Originally Posted by Cardiff Kook View Post
there's no way an 8k sq ft lot is going for 65k in hollywood
Is this a scam?

8344 Utica Dr, Los Angeles, CA 90046 | Zillow
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Old 08-31-2015, 05:30 PM
 
1,855 posts, read 2,191,102 times
Reputation: 3954
Quote:
Originally Posted by YoungTraveler2011 View Post
Looks hilly, cuz. You'd have to spend a small fortune just to level it out before you could build on it.
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Old 08-31-2015, 05:44 PM
 
Location: South Bay
7,115 posts, read 19,046,719 times
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leveling may not even be an option, you may have to build on pillars (which i assume is also expensive).
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Old 08-31-2015, 06:01 PM
 
Location: West Hollywood, CA
1,367 posts, read 1,753,127 times
Reputation: 1813
Quote:
Originally Posted by Howiester View Post
Looks hilly, cuz. You'd have to spend a small fortune just to level it out before you could build on it.
das prob why its only 65k.

its gonna take 300k just to put the foundation in.

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Old 08-31-2015, 06:43 PM
 
1,318 posts, read 3,701,016 times
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Not 8000 sf buildable.
Utilities are "nearby". You'd have to pay plenty for hookups.
It's in a good area. A flat lot in that area 8000sf would cost you at least $1,400,000 including utilities present.
There's a reason that lot has remained vacant for over a century.
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Old 08-31-2015, 10:19 PM
 
Location: Los Angeles
3,535 posts, read 2,230,512 times
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Curiously, I remember doing some appraisals about 15 years ago for a guy who owned a concrete company. He would buy these little narrow lots around Laurel Canyon for almost nothing because they were totally hill. His guys would drag rebar up the hill and drop caisons over 100 feet down. Then he'd built these narrow multi-level houses up the hill. He made money with it, but he got the concrete and labor for the foundation at cost. Otherwise I think it would be very expensive.
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