500 Georgian Road, La Canada Flintridge, California 91011, La Canada Flintridge, 91011 - 6 bed, 7 bath
ACTIVE$5,700,000
500 Georgian Road, La Canada Flintridge, California 91011
6Beds
7Baths
5,620Sqft
49,702Lot
Price Vs. Estimate
The estimated value ($5,700,000) is $0 (0%) lower than the list price ($5,700,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location & Privacy: The property boasts a highly desirable location in La Canada Flintridge, explicitly offering 'Location, Privacy, Seclusion,' which are premium attributes in this market.
Top Cons:
Occupancy & Niche Market: The property's current use as an Assisted Living Facility with an active lease and renewal option significantly limits immediate owner-occupancy and narrows the potential buyer pool to investors or those seeking a specific commercial operation.
Compared to the nearby listings
Price:$5.70M vs avg $2.41M (+$3,291,945)93%
Size:5,620 sqft vs avg 2,576 sqft91%
Price/sqft:$1.0K vs avg $98657%
More Insights
Built in 1951 (74 years old).
Condition: Built in 1951, this property is significantly aged. While it features central air and heat and is currently functional as an assisted living facility, the visible interior (living room) is very dated with ornate, heavy decor and older tile flooring. The exterior areas, particularly the patio and landscaping, show signs of neglect and wear. Although major systems appear functional, the property requires substantial cosmetic updates throughout, especially in the kitchen and bathrooms (which are not pictured but likely match the dated aesthetic), and some repairs to exterior elements to meet modern residential standards. It is aged but maintained for its current use, fitting the 'Fair' category's description of being functional but outdated and requiring updates.
Year Built
1951
Close
-
List price
$5.7M
Original List price
$6.5M
Price/Sqft
$1,014
HOA
-
Days on market
-
Sold On
-
MLS number
P1-22177
Home ConditionFair
Features
Pool
Spa
Patio
View-
About this home
Location, Privacy, Seclusion are the Characteristic of this property. This awesome property offers 6 bedrooms, 7 bathrooms. It features 5,620sqft house on a very large lot 49,702sqft. Tile Floors. Spacious Living room, Family room with a Fireplace. Dining area. Large Kitchen with eating area and a breakfast bar. Central Air & Heat. Sparkling Pool with a Spa Tub. .Three car garages. Gated Circular driveway. Huge garden in the backyard with many fruit trees. Property is rented and used as Assisted Living Facility with tenant Option to renew the lease. Please do NOT go on the property without a confirm appointment.
Condition Rating
Fair
Built in 1951, this property is significantly aged. While it features central air and heat and is currently functional as an assisted living facility, the visible interior (living room) is very dated with ornate, heavy decor and older tile flooring. The exterior areas, particularly the patio and landscaping, show signs of neglect and wear. Although major systems appear functional, the property requires substantial cosmetic updates throughout, especially in the kitchen and bathrooms (which are not pictured but likely match the dated aesthetic), and some repairs to exterior elements to meet modern residential standards. It is aged but maintained for its current use, fitting the 'Fair' category's description of being functional but outdated and requiring updates.
Pros & Cons
Pros
Prime Location & Privacy: The property boasts a highly desirable location in La Canada Flintridge, explicitly offering 'Location, Privacy, Seclusion,' which are premium attributes in this market.
Expansive Lot Size: With a very large lot of 49,702 sqft (over 1.1 acres), the property provides exceptional space, privacy, and potential for extensive landscaping or future development.
Generous Living Space: The 5,620 sqft home features 6 bedrooms and 7 bathrooms, offering substantial living areas, including spacious living and family rooms, a large kitchen, and ample room for a large family or multi-generational living.
Premium Amenities: The property is well-appointed with desirable amenities such as central air & heat, a sparkling pool with a spa tub, a three-car garage, a gated circular driveway, and a huge garden with fruit trees, enhancing lifestyle and value.
Income-Generating Opportunity: Currently rented and operating as an Assisted Living Facility with a tenant option to renew the lease, this property offers immediate income potential for an investor.
Cons
Occupancy & Niche Market: The property's current use as an Assisted Living Facility with an active lease and renewal option significantly limits immediate owner-occupancy and narrows the potential buyer pool to investors or those seeking a specific commercial operation.
Property Age & Potential Updates: Built in 1951, the home is over 70 years old, which may imply a need for significant system updates, modernization, or deferred maintenance beyond what is explicitly stated, despite its spaciousness.
Price Reduction History: A substantial price reduction from $6.5 million to $5.7 million suggests potential market resistance or a re-evaluation of value, which could impact future perceived value or negotiation.