The price on that home in California would depend on area and condition of course. If it's not a pit, it would get at least $225-275 per square foot, rough estimate.
It's not a pit by any stretch. Hardwood floors, marble tile, custom wood built-in shelves. All that for probably around $95 a sq ft.
I don't understand how people can afford to buy homes when they are over $200 a sq ft.