Laguna Hills, California
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This studio condo in Laguna Hills, California -- about 50 miles south of Los Angeles -- is for sale for $5,000. It was last sold in October 2009 for $23,642, nearly five times the current sale price. It was built in 1974 and is about 99 percent less expensive than the area's median home value of $347,200.
The 500-square-foot unit is located in the Laguna Woods Village community and comes with access to shared amenities such as classes, pools and a shuttle.
