Interesting question, since California has so so many building restrictions for eartyhquakes and whatnot. New construction on old buildings is very expensive he

Interesting question, since California has so so many building restrictions for eartyhquakes and whatnot. New construction on old buildings is very expensive here, so maybe the price was actually boosted upwards because this would be such an easy lot to build on, without the normal teardown costs of a more modern building.