hello found this on craigslist thought someone here might want it dont know anything about it FREE https://orangecounty.craigslist.org/boa/d/newport-beach-wood-trawler-free/6900208946.html
I bought one similar at auction in 1961 in worse appearance. I sold it 7 years later, then in great condition, when I went into the military and made a ton of money.
I know a guy who bought a sunken marine trader for $100 at auction. After rebuilding, he sold it for $66K. He's an aircraft mechanic though and rebuilt the lehman from scratch, but things can be done in the hands of the right person.
It can't be all bad. It's floating, on a mooring, meaning floating with little supervision. It has a Detroit that unless blown, can easily be started. It could be a chance for some one with skills or the ability to learn to have a good time on the water.