This is NOT a Short Sale and is NOT a Foreclosure! No messing around with banks on this one! Now, if not having to deal with a bank isn't already enough good news, then you will love what follows. This is your opportunity to live south of Magnolia among larger two story homes that have been developed in recent years. This cute and cozy property resides on a corner lot and is only minutes away from the shops and restaurants on Ventura Blvd, including the Sherman Oaks Galleria. The property itself needs a little TLC, but makes a great canvas to create your personal masterpiece....in short, make it your own. The property has central air/heat, smooth ceilings, parquet wood floors in the bedrooms and hallway, tile floors in the kitchen and carpet in the living room. Additional features are an eating area in the kitchen, living room with fireplace and a two car attached garage. If you are handy and not afraid to get your hands dirty, you can live in this lovely neighborhood for under $500,000! Yes, this is not a typo. You can get this Sherman Oaks area for an entry level price. This property should even qualify for your FHA loan, which we welcome. First time... or move up buyers, either way, you can't lose. Trust me when I say...This home will not last!