23672 Cavanaugh Road, Lake Forest, California 92630, Lake Forest, - bed, bath

home-pic
ACTIVE$1,500,000
23672 Cavanaugh Road, Lake Forest, California 92630
8Beds
3Baths
2,960Sqft
7,560Lot
Year Built
1964
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25106604
Home ConditionFair
Features
Patio
View-

About this home

Rare opportunity! Fully functioning RCFE (Residential Care Facility for the Elderly). Set on a beautifully maintained lot with lush landscaping and a welcoming front yard, this expansive 8-bedroom, 3-bathroom home offers a rare blend of residential charm and functionality as a successful, fully operational assisted living facility. Spanning nearly 3,000 square feet, the property is thoughtfully designed to provide both comfort and accessibility, with six bedrooms and two bathrooms located on the main level—each wheelchair accessible and with direct access to the backyard, allowing for ease of mobility and a peaceful connection to nature. The spacious layout features bright, open living areas that create a warm and inviting environment for residents. Upstairs, two additional bedrooms and a full bathroom provide flexible space for staff accommodations, private quarters, or visiting family members. Central heating and air conditioning ensure year-round comfort throughout the home, while the oversized driveway and attached two-car garage provide ample parking for visitors and caregivers. Out back, the covered patio and manicured lawn offer a tranquil setting for outdoor relaxation, gardening, and group gatherings. With its ideal configuration, sought-after features, and proven track record as a care facility, this property presents a unique opportunity for investors, care providers, or families seeking a multi-generational residence with unmatched versatility.

Price History

Date
Event
Price
05/16/25
Listing
$1,500,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (189 Listings)
Beds84
99%
Baths33
50%
Square foot2,9602,136
87%
Lot Size7,5605,590
84%
Price$1.5M$1.33M
66%
Price per square foot$507$683
6%
Built year19649885989
3%
HOA
Days on market173170
51%
Condition Rating
Fair

The property was built in 1964, making it 60 years old. While the description highlights its current use as a 'fully functioning' Residential Care Facility for the Elderly (RCFE) with 'wheelchair accessible' features and 'central heating and air conditioning,' suggesting functional major systems and some level of adaptation/maintenance, there are no interior images of the kitchen or bathrooms. Without visual evidence of recent renovations, it's highly probable that these key areas, along with other interior components, reflect an older style and may be outdated, despite being functional. The exterior and landscaping appear well-maintained. Given its age and the lack of specific renovation timelines for the interior, the property likely falls into the 'fair' category, indicating it is aged but maintained through regular upkeep and occasional updates, with major components functional but potentially showing signs of being outdated.
Pros & Cons

Pros

Established RCFE Operation: The property is a fully functioning and successful Residential Care Facility for the Elderly (RCFE), offering immediate income potential and a proven business model for investors or care providers.
Exceptional Accessibility & Layout: Thoughtfully designed with six main-level, wheelchair-accessible bedrooms, each with direct backyard access, ensuring ease of mobility and a peaceful connection to nature for residents.
High Capacity & Versatility: With 8 bedrooms and 3 bathrooms across nearly 3,000 sqft, the property provides significant capacity for care residents or offers unmatched versatility for multi-generational family living.
Comfort & Essential Amenities: Features central heating and air conditioning for year-round comfort, bright open living areas, and ample parking with an oversized driveway and attached two-car garage.
Tranquil Outdoor Environment: Set on a beautifully maintained lot with lush landscaping, a welcoming front yard, covered patio, and manicured lawn, offering serene spaces for outdoor relaxation and group gatherings.

Cons

Property Age: Built in 1964, the home is 60 years old, which may imply potential for aging infrastructure, systems, and higher maintenance costs compared to newer constructions.
Niche Market Appeal: While ideal for RCFE operators, its specialized design and current use as an assisted living facility may limit its appeal to a broader residential buyer pool, potentially affecting resale or requiring significant modifications for traditional family living.
Lack of Scenic Views: The property explicitly states 'View: None,' which could be a drawback for buyers seeking properties with desirable scenic outlooks, potentially impacting its perceived value in the market.

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