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Wow. That is excellent. That is a shack and that is a big price. At least he he willing to finance it :-) How kind!
No ocean view.
Shack torn down in late 2014. Property subdivided. Two new homes built. One sold for $1,18 million; no info on second sale as of yet.
I can't help it, I introduce you to.. the 650K shack
http://www.redfin.com/CA/Pacifica/261-San-Pedro-Ave-94044/home/1321158
Ok so obviously there is some land value, but at that price I'd think an ocean view at least. If that were the case why no pictures?