Location! Location! Location!  Way south of Ventura Blvd. (south of Dumetz).  Standard Sale!  Not an REO! Not a short sale! This house does require a lot of work but it has charm with vaulted open beam ceilings and is surrounded by much larger and much more expensive homes.  There is a lot of potential here!  This is a good opportunity for someone that wants to live South of the Boulevard and didn't think they could afford it.  The seller is open to a FHA 203K loan.  I have a bid from a contractor for a total rehab including termite work for $72,000.    This is an "as-is" sale.  The seller will not do any repairs and no Termite repairs. (Termite Report has been completed and is available for review).  Buyer to participate in a 1031 exchange at no expense to buyer.