723 Chestnut Avenue, Los Angeles, California 90042, Los Angeles, 90042 - 6 bed, 4 bath

723 Chestnut Avenue, Los Angeles, California 90042 home-pic-0
ACTIVE$1,699,999
723 Chestnut Avenue, Los Angeles, California 90042
6Beds
4Baths
2,625Sqft
5,402Lot
Year Built
1941
Close
-
List price
$1.7M
Original List price
$1.79M
Price/Sqft
$648
HOA
-
Days on market
-
Sold On
-
MLS number
AR25110444
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.70M(77th), sqft - 2625(69th), beds - 6(85th), baths - 4(85th).

Welcome to a rare opportunity in the heart of Los Angeles—two fully detached, completely re-built 3-bedroom, 2-bathroom homes on one lot, each with its own address, separate utilities, and modern updates throughout. Live in one and rent the other to offset your mortgage—or rent out both in a high-demand rental market. Whether you’re an investor, a savvy buyer, or someone looking to house hack, this property checks all the boxes. Situated in a prime Highland Park location just minutes from Pasadena, South Pasadena, and Downtown LA, this is more than a home—it’s a long-term financial strategy. Each unit features brand-new kitchens, designer bathrooms, upgraded systems, and stylish finishes that attract quality tenants and elevate everyday living. The detached layout provides privacy and flexibility—ideal for multigenerational living, co-ownership, or maximizing rental income.

Price History

Date
Event
Price
08/02/25
$1,699,999
05/23/25
$1,788,888
10/19/18
Sold
$550,000
Condition Rating
Excellent

The property, originally built in 1941, has been completely rebuilt with modern updates. The images show brand-new kitchens with stainless steel appliances and designer bathrooms. The description confirms upgraded systems and stylish finishes throughout both units, indicating a recent, high-quality renovation.
Pros & Cons

Pros

Income Potential: Two detached homes on one lot offer excellent rental income potential, ideal for investors or owner-occupants looking to offset mortgage costs.
New Construction/Remodel: Both units have been completely rebuilt with modern updates, including new kitchens and bathrooms, minimizing immediate maintenance concerns.
Separate Utilities: Each unit has separate utilities, simplifying tenant management and expense tracking for rental purposes.
Prime Location: Located in Highland Park, offering close proximity to Pasadena, South Pasadena, and Downtown LA, increasing desirability and rental demand.
Flexible Living Options: The detached layout provides privacy and flexibility, suitable for multigenerational living, co-ownership, or maximizing rental income.

Cons

Lot Size: The lot size of 5402 sqft might be considered small for two detached homes, potentially limiting outdoor space.
Original List Price Reduction: The property has experienced a price reduction from its original listing price, which may raise questions about market value or property condition.
Year Built: Built in 1941, despite being rebuilt, the original structure's age might present unforeseen maintenance issues in the future.

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