The MLS says “corporate owned” but another source says the owner is GMAC, which is a lender. So it is likely this is an REO and the 806K price may be the amount of the loan that GMAC foreclosed on.

Yup, I wouldn’t want to live on Foothill. But the lot and house are decent sizes, the elementary school is ok and just one block away, and the beach is 5 minutes by bike. The previous owner did some upgrading, although I haven’t been in the house.