Can I build a home in Los Angeles city for $80,000?

[egglestonus]

I'm trying to build something about 1500-2000 sq. ft. It's on a slope and after the cost of land & permits, all I could have left is 60 to 80 thousand. Does this seem possible?

 

[Lrenzo2nd]

You can start with one wide room then slowly renovate later