What would my repairs be in CA? (Pics)

[Curtis H.]

Hey guys, based on these pics of the 1300 sq ft home built in 1940, what would you guess the repairs would be? Keep in mind I will have to add a bathroom.

It has a new roof and new electrical. That's it. Furnace heater with floor vents, galvanized plumbing. Old kitchen. All things I can live with while slowly fixing up the place.

Great size lot, great neighborhood. Homes fixed up to the max similar sizes are selling for anywhere from $550K in June, to $615K recently, but those homes were a little bigger by about 300 sq ft. He thinks its worth $500K as it sits, and I still think that's a little high for the work needed, but I could be wrong.

At $500K it's still about $60K out of my price range to be honest, but I could get it under contract for say $480K and flip it to a rehabber for say $500K. Even with $65K in rehab costs, if they sell for $615K that's a nice spread. Thoughts?