Helluva deal, congrats!
Recently bought one (that also came from L.A.) For $4500. Had it thoroughly gone through by an expert and had to dump $3,000 in it to make it 100% healthy, but it has been a great car and was worth it. Be prepared for something similar on yours. In the end though it will still be a lot of car for the money.
Be sure to post pics when you pick it up. A trip log would be cool too.