ActiveResidential · sale

742 Greenridge Drive

La Canada Flintridge, CA 91011

$4,750,000

  • 5 beds
  • 7 baths
  • 7,475 sq ft
  • 0.41 acres
  • Built 1996

Listed by Cornerstone Realty Group · MLS #CV26188963

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1996.

Garage parking

4 garage spaces listed.

Property size

0.41 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

AN EXTRAORDINARY OPPORTUNITY IN LA CAÑADA FLINTRIDGE'S GREENRIDGE ESTATES. Perched above the fairways of the La Cañada Flintridge Country Club, this potential masterpiece presents a rare opportunity to acquire an architecturally distinctive estate of exceptional scale, dramatic views and tremendous potential. Encompassing approximately 7,475 square feet on an approximately 17,800-square-foot lot, this multi-level residence was designed to embrace its remarkable setting, with expansive walls of glass, multiple terraces and balconies, and sweeping views across the golf course, surrounding hillsides, city lights and beyond. At the heart of the residence, a dramatic open staircase connects five levels beneath an impressive skylight, allowing natural light to cascade through the interior. Soaring ceilings, substantial entertaining spaces, fireplaces and an abundance of indoor-outdoor connections provide the framework for what could once again become an exceptional contemporary estate. The main entertaining areas open toward expansive terraces and the resort-style grounds, where an infinity-edge pool and spa overlook the golf course. A built-in BBQ, fire pit and additional outdoor spaces create the foundation for an extraordinary private retreat. The residence offers five bedrooms, multiple ensuite accommodations, a dramatic primary suite, private office, media room, fitness/wellness spaces, sauna and a four-car garage. Numerous balconies and terraces capitalize on the property's elevated position and extraordinary views. This property is being offered for its potential as much as its presence. Several interior spaces remain unfinished, and the lower level requires substantial renovation and completion. For the discerning investor, developer or end user with vision, however, this is precisely where the opportunity lies. The scale, architecture and location are already here. What remains is the opportunity to reimagine the interiors, complete the unfinished spaces and create a residence worthy of this exceptional setting. This is not simply an opportunity to renovate a luxury home. It is an opportunity to restore, redesign and reintroduce an extraordinary La Cañada estate. This property is being sold through the United States Marshals Service. Property condition, systems, amenities, square footage, permits and completed or unfinished improvements should be independently investigated and verified by Buyer(s).

THE NEIGHBORHOOD

Explore the location.

742 Greenridge Drive, La Canada Flintridge, CA 91011

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1996
Full baths
5
Half baths
2
Garage spaces
4
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,GasCooktop,Disposal,WaterHeater
Flooring
Concrete,Stone
Utilities
ElectricityConnected,NaturalGasConnected,WaterConnected
Fencing
FairCondition,WroughtIron
Accessibility
SafeEmergencyEgressFromHome
Pool
Yes
Pool features
InGround,Private
Spa
Yes
Parcel
5817036002
HOA
Greenridge LCF
HOA amenities
MaintenanceGrounds
HOA fee frequency
Monthly
HOA fee
$200.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$19,791.67
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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742 Greenridge Drive, La Canada Flintridge, CA 91011 · MLS #CV26188963

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Listing information

MLS #CV26188963 · California Regional MLS

Listing brokerage: Cornerstone Realty Group
Listing agent: Yolanda Andrade

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.