That looks much bigger than 54 more like a 56. I agree it also seem a bit pricy but you are in Sunny Calif so prices rung high. Is it close? Go try and ride it and see if you can get it for closer to $250. If it does not have a ChroMo fork I might pass even at 250.
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“One morning you wake up, the girl is gone, the bikes are gone, all that's left behind is a pair of old tires and a tube of tubular glue, all squeezed out"
Sugar "Kane" Kowalczyk