LA Home That Is Practically Condemned Is Worth Half A Million What can you get in a ritzy Los Angeles neighborhood for $475,000? According to a recent listing, you can but the worst home in the beset neighborhoodwhich amounts to a 1,276 rundown fragment of a building that was originally built in 1956. Complete with exposed pipes and dark brown stains, the house is virtually unlivable. And yet it costs nearly a half million dollars. Keep in mind that the average income for a household in the area is $77,366. The average home sale price is about $345,000. Still, the man who listed the home insists that it is a great deal, calling it a contractors special and a flippers fantasy. Sounds like a massive project to us, but this is what our country is coming to. This home needs a complete rehab, the seller admits. The pictures say everything except for the fact that this home is located at the back of a cul de sac in a wonderful, well maintained neighborhood. What do you think? How would you spend a half million dollars? 