Price right for Contractor/investor.  This wonderful fixer is a classic Spanish Ranch with courtyard setting, decorative rod-iron trim. It is nestled against the Chatsworth Mountains in an upscale Chatsworth Community, West of Topanga. It has an added family room with fireplace,  tile floors and wood arched ceiling. Off to the side of the family room is an indoor built-in BBQ underneath pass-through windows to pool, patio deck, Gazebo and lush landscaping. There is a study/library room and guest bath just before you enter the Master Suite. The Master suite has fireplace, high arched beam ceilings, windows overlooking fountain, remodeled bath. There is a balcony off the hall leading from the Master bedroom to the front of the house. Along that hall is an additional bedroom.

The original portion of the house has a formal living room area, a guest bath, kitchen, workroom,  two bedrooms and bath upstairs. This is the portion of the house that needs fixing, and doesn't seem to have been updated.  Department of Building and Safety has issued an Order to remove an unpermitted wall that created 2 units.  The wall seperates the original portion of the house from the permitted addition.  There are kitchens on each side of the unpermitted wall, and therefore one must be removed.  The house needs a completely remodeled kitchen, two kitchens, flooring downstairs and sanding upstairs, electrical work, and the formal living room needs to be completely redone. The guest housewith it's own kitchen is also unpermitted. The grounds need to be re-landscaped in the front and along the west side of house. It is in a cul-de-sac with single family homes on the street. There is work to be done, but price will provide substantial incentive to complete this project.  

HAFA pre-approval at $541,900.  Otherwise a regualar short sale must be initiated.  Seller is ready.