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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$1,599,999
723 Chestnut Avenue, Los Angeles, California 90042
6Beds
4Baths
2,625Sqft
5,402Lot
Year Built
1941
Close
-
List price
$1.6M
Original List price
$1.7M
Price/Sqft
$610
HOA
-
Days on market
-
Sold On
-
MLS number
AR25180040
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.60M(69th), 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
09/27/25
Price Change
$1,599,999-5.8%
08/09/25
Listing
$1,699,000
10/19/18
Sold
$550,000
Condition Rating
Excellent
Despite the original build year of 1941, the MLS description explicitly states the property consists of two 'completely re-built' homes with 'brand-new kitchens, designer bathrooms, upgraded systems, and stylish finishes.' The images confirm this, showcasing modern white and grey shaker cabinets, quartz countertops, new stainless steel appliances, contemporary light fixtures (recessed lighting), and new wood-look flooring throughout. The bathrooms feature modern vanities, updated tiling, and stylish fixtures. All components appear new or virtually new, indicating an extensive renovation within the last 5 years, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Strong Income Potential: The property features two fully detached homes with separate addresses and utilities, offering excellent opportunities for house hacking, investment, or multi-generational living in a high-demand rental market.
Extensive Modern Renovation: Both units have been 'completely re-built' with brand-new kitchens, designer bathrooms, upgraded systems, and stylish finishes, significantly reducing immediate maintenance and upgrade costs for a new owner.
Prime Highland Park Location: Situated in a desirable Highland Park neighborhood, the property boasts excellent proximity to Pasadena, South Pasadena, and Downtown LA, enhancing its rental appeal and long-term value.
Privacy of Detached Units: Unlike many multi-unit properties, both homes are fully detached, providing superior privacy and flexibility for occupants, which is ideal for co-ownership or maximizing rental income.
Separate Utilities: Each unit benefits from its own separate utilities, simplifying tenant management and ensuring fair cost distribution, which is a significant advantage for landlords.

Cons

Lack of Views: The property explicitly states 'None' for views, which might be a drawback for buyers seeking scenic vistas or panoramic outlooks in a Los Angeles location.
Limited Private Outdoor Space: With two detached homes on a 5402 sqft lot, the individual private outdoor space for each unit may be constrained, potentially limiting appeal for tenants or owners desiring larger yards.
Original Construction Year (1941): Despite being 'completely re-built,' the original construction year of 1941 might still raise questions for some buyers regarding the long-term integrity of foundational elements or other non-cosmetic components not explicitly detailed as new.

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