What would you do with this ?

[Lucio Gonzalez]

Hello biggerpockets community!! 
I have this situation where my grandmother plans on selling me her house 50 thousand bellow market value and wanted to know what would you guys do to best optimize this situation ?!

Here’s a few notes 

. It’s 3 bedroom house 

. I’m a first time home buyer ( age 21) 

. The house has no garage ( needs one built) 

. The yard needs some work 

. Area is so cal in la county 

. Any advice would be extremely helpful