Hello Ann,

You may still be in luck, somewhat anyway. The "Short Sale" property has at least one offer accepted by the owner/seller, and if AWAITING SHORT SALE LENDER final approval of price and terms. We refer to this status as Contingent-Back up in the MLS. Other offers are welcomed, should you want to consider pursuing this investment opportunity. Please do not disturb the tenants. All conditions subject to lender approval. Here's the Client Detail Report with pictures:
http://vcrdsmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=vcrd…

I noticed the County Records show the permitted portion to be only 1,058 sf. I would question the permit/code compliance for the guest quarters as part of my Buyer's due diligence.

Here's a Market Snapshot of similar homes in the Fillmore Heights area (have you noticed the REO at 482 Foothill Dr. listed for $275K? They are motivated to sell that 4+1 house!):