First, the property is not yest for sale. The comments say "This property is an REO (Real Estate Owned). This is the final step in the foreclosure process. Ownership has reverted to the lender. "
This means it is in process to be sold by the bank and not yet listed by an agent.
Also, it is a two story 8 unit apartment complex with 8 one bedroom, one bath units.
We doubt the sales price will be that low as it is a figure in the foreclosure process.
Best to you,
Mark and Kari Shea
San Diego Real Estate Experts
Foreclosure, Short Sale & Investment Specialists,
Development Opportunities & Traditional Real Estate