223 Chestnut Avenue, Los Angeles, California 90042, Los Angeles, 90042 - 4 bed, 2 bath
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Los Angeles, California 90042
This Turnkey Multi-Unit Property is a Strong Value Opportunity, listed at $1,149,000—positioned well below the $1,168,921 Fair Market Value by 1.7%. This valuation gap offers $19,921 in Instant Equity. Featuring a Mint Condition Rating with a fully equipped ADU, modern quartz kitchen, and energy-efficient upgrades, this home offers exceptional versatility for rental income or multi-generational living. Located in the vibrant Highland Park neighborhood, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality, move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 223 Chestnut Avenue Subject | $1,149,000 | 4 | 2 | 1,424 | $835 | - |
A 601 San Pascual Avenue Sold | $1,300,000 | 3 | 2 | 1,322 | $983 | 0.3 mi |
B 549 Meridian Terrace Sold | $1,425,000 | 3 | 2 | 1,488 | $958 | 0.8 mi |
C 6527 Elgin Street Sold | $1,180,888 | 3 | 2 | 1,483 | $796 | 0.2 mi |
D 6703 Gold Place Sold | $1,460,000 | 4 | 3 | 1,830 | $798 | 0.7 mi |
E 969 Adelante Sold | $1,399,000 | 4 | 3 | 1,804 | $775 | 0.7 mi |
F 930 N Avenue 63 Sold | $1,050,000 | 2 | 1 | 1,035 | $1,014 | 0.7 mi |
G 6100 Roy Street Pending | $1,195,000 List Price | 3 | 2 | 1,378 | $867 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1925, the property has undergone a comprehensive, high-end renovation within the last few years. It features a modern kitchen with quartz counters and shaker cabinets, designer bathrooms, and a matching ADU. Crucially, all major systems have been recently upgraded, including the roof, HVAC, electrical panel, plumbing, and sewer line, putting it in mint condition.
The property features a fully equipped ADU with its own kitchen and separate address, providing an excellent opportunity for rental income, a guest retreat, or multi-generational living.
Extensive recent improvements, including a newer roof, updated plumbing, individual AC systems, and energy-efficient windows, ensure a turn-key experience with reduced immediate maintenance needs.
Situated in a highly sought-after neighborhood near vibrant dining, shopping, and award-winning schools, the property benefits from high demand and strong lifestyle appeal.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1424, other record living area = 924. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With 1,424 total square feet divided between two units and four bedrooms, the individual living areas and bedrooms may feel small or cramped for larger households.
The modest 4,787 square foot lot and single-car garage may be insufficient for a multi-unit property that could potentially house several drivers or require more outdoor space.
Discover this beautifully updated gated home with an ADU, ideally situated in the highly sought after Highland Park neighborhood. Offering exceptional versatility, this four bedroom, two bath property presents a rare opportunity for multi-generational living, rental income, or a private guest retreat. Step inside the main home and experience a thoughtfully designed interior featuring wide plank wood style flooring in a white oak tone, designer lighting, plantation shutters, and custom window treatments. Expansive windows throughout flood the home with natural light, enhancing the warm yet modern aesthetic. The updated kitchen is both stylish and functional, showcasing white shaker cabinetry, gorgeous cement toned quartz countertops, a classic subway tile backsplash, and stainless steel appliances. The dining area is highlighted by a charming bay window, adding architectural character and complemented by a contemporary statement chandelier. The main home's bath has been tastefully remodeled with a dual-sink vanity with marble counters and a beautifully designed tub and shower combination featuring elegant tile work. The ADU mirrors the home’s cohesive design with an open floor plan and could be a one bedroom or studio! You will love the ADU's own well-appointed kitchen, complete with white shaker cabinetry, stainless steel appliances, and light quartz countertops. The secondary bath offers dual vanities and an oversized walk-in shower with refined tile finishes. Outdoors, enjoy a private, low-maintenance yard designed for both relaxation and entertaining, featuring artificial turf, mature succulents, and multiple seating areas. Additional highlights include a single-car garage and an extended driveway for ample parking. Modern upgrades include energy-efficient windows, updated plumbing, a newer sewer line, mirrored closet doors, upgraded insulation, separate addresses, a newer roof, individual AC systems, and an upgraded electrical panel. Ideally located near award-winning schools and just moments from Highland Park’s vibrant dining, shopping, and exciting future developments!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,424 | 1,672 |
| Lot Size | 4,787 | 6,067 |
| Price | $1.15M | $1.37M |
| Price per sq ft | $807 | $801 |
| Built year | 1925 | 1939 |
| HOA | $0 | $348 |
| Days on market | 40 | 56 |
Jun 12, 2026
$1,149,000
Initial Listing
Dec 10, 2018
$665,000
Public Record
Aug 29, 2018
$520,000
Public Record