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New To Market - Banked Owned Home South Of Wilshire

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A bank owned (foreclosure) just south of Wilshire at 10515 Ohio Ave LA CA 90024 just hit the market over the weekend. The bank intends to elicit multiple offers with it's well under market list price of $875,900. By the looks of the list price, it looks like they don't want just 5 offers, they want 15-20 offers. According to the MLS, the home is a 2 bedroom / 2 bath, 1,764 sf of living space on a 7,800 sf lot. The listing states the hardwood floors were refinished and the walls were painted, but that looks to be about it in terms of cosmetic 'upgrades'. This house would more than likely be a fixer project or even a teardown to some. The backyard has some patio space and a large pool.