Based upon the location, square footage and condition of the home, this is at least a $4 million property. I researched the MLS (Multiple listing Serivce) number, and it is not valid. Normally, I would say that the listing price of $20,000 is a mistake and probably represents perhaps past due mortgage payments
In this case, I am familiar with this particular property, and I'm fairly certain that even at a property tax or income tax auction, it will sell for far more than $20,000.
There are no properties that I am aware of in the 90274 zip code that are in this price range; however, there are great values for bank-owned or short sale condominiums in the 90274 zip code that will go in the range of $230-$300K.
Maxim D. Ofina, CDPE