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1041 Green Lane, La Canada Flintridge, California 91011, La Canada Flintridge, 91011 - 2 bed, 2 bath

1041 Green Lane, La Canada Flintridge, California 91011 home-pic-0
ACTIVE$2,198,000
1041 Green Lane, La Canada Flintridge, California 91011
2Beds
2Baths
1,937Sqft
15,372Lot
Year Built
1951
Close
-
List price
$2.2M
Original List price
$2.3M
Price/Sqft
$1,135
HOA
-
Days on market
-
Sold On
-
MLS number
P1-21779
Home ConditionPoor
Features
Good View: Mountain(s)
Pool
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 22% below the list price. We found 3 Cons,6 Pros. Rank: price - $2.20M(42th), sqft - 1937(29th), beds - 2(5th), baths - 2(29th).

Dream home opportunity in La Canada Flintridge. Welcome to an incredible opportunity in the heart of La Canada Flintridge. This property offers the ideal canvas to create a custom dream home or unlock significant return on investment through renovation or new construction. Situated on an expansive 15,372 sq. ft. lot, this property features an existing 1,937 sq. ft. home with a lot of potential. Set in a peaceful neighborhood and surrounded by nature, this hidden gem offers a blend of privacy, space, and location. The oversized lot provides endless possibilities for expansion or redevelopment. It can be constructed into an estate with room for multiple living spaces, an outdoor kitchen, pool, spa, expansive gardens, and/or play areas. The existing footprint and layout offer a solid foundation for a major renovation, while the land is large enough for a new construction. Additional features include a two-car garage, RV parking, and an extended driveway with plenty of room. The property is also ideally located close to local parks, local dining, and top-rated schools. Most notably, it lies within the boundaries of the award-winning La Canada Unified School District. Properties with this combination of lot size, location, and potential are becoming increasingly rare in La Canada.

Condition Rating
Poor
Built in 1951, this property is severely outdated and requires substantial repairs and rehabilitation. The kitchen features original, dated wood cabinets, old laminate countertops, and a very old double wall oven, necessitating a complete renovation. While no bathroom images are provided, the overall condition suggests they are equally dated. Flooring consists of worn carpet and old terracotta-style tiles. The empty, green pool indicates significant deferred maintenance and a major defect. The listing description itself highlights the property as an 'ideal canvas to create a custom dream home or unlock significant return on investment through renovation or new construction,' explicitly framing it as a project rather than a move-in ready home. The property's value is primarily in its large lot and potential for redevelopment, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15372, living area = 1937.
Award-Winning School District: The property is ideally located within the boundaries of the highly desirable and award-winning La Canada Unified School District, a significant draw for families.
Exceptional Lot Size & Development Potential: An expansive 15,372 sq. ft. lot offers rare opportunities for significant expansion, new construction, or creating a custom estate with extensive amenities like a pool, spa, and gardens.
Prime Renovation/Rebuild Opportunity: This property presents an ideal canvas for a custom dream home, offering substantial return on investment through major renovation or complete redevelopment.
Peaceful & Private Setting: Situated in a tranquil, nature-surrounded neighborhood, this hidden gem provides a desirable blend of privacy and serene living.
Ample Parking & Storage: Practical features include a two-car garage, dedicated RV parking, and an extended driveway, accommodating multiple vehicles and storage needs.

Cons

Significant Price Discrepancy: The current listing price of $2,198,000 is considerably higher than the estimated property value of $1,700,272.57, indicating a potential overpricing or a need for substantial investment to justify the asking price.
Dated Structure Requiring Major Investment: Built in 1951, the existing 1,937 sq. ft. home is likely dated and requires extensive renovation or is positioned as a tear-down for new construction, incurring significant additional costs.
Limited Current Living Space: The existing home's modest 1,937 sq. ft. on a large lot means buyers are primarily purchasing for the land and location, with the current structure offering limited immediate value or modern amenities.

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