Local News

O.C. Condo for Sale… For Just $1

LAGUNA WOODS, Calif. (KTLA) — If you’re in the market for a new condo, you could probably pay for this one with the money in your wallet. The asking price is just $1.

The 500 square-foot condo is in the Orange County retirement community of Laguna Woods.

The owner wants to sell it right away, and is even offering a $1,500 credit for new paint and carpeting. So what’s the catch?

Since the home is in a retirement community, the buyer must be 55 or older and pay the monthly homeowners association fee of $1,700.

So far, there have not been any offers.