723 Chestnut Avenue, Los Angeles, California 90042, Los Angeles, 90042 - 6 bed, 4 bath
723 Chestnut Avenue
Los Angeles, California 90042
Property Price
SUMMARY
Analysis of 723 Chestnut Avenue, Los Angeles, California 90042 is currently available with a list price of $1,500,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property consists of two fully detached homes that have been completely re-built and modernized. Both units feature brand-new kitchens with contemporary cabinetry and appliances, designer bathrooms with updated fixtures, and new flooring throughout. With upgraded systems and stylish finishes, the property meets the criteria for a full recent renovation within the last 5 years, showing no signs of deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Income Potential
The property features two fully detached 3-bedroom, 2-bathroom homes with separate utilities on a single lot, providing an ideal setup for house hacking or maximizing rental yields in a high-demand market.
- Turnkey Modernization
Both residences have been completely re-built with brand-new kitchens, designer bathrooms, and upgraded systems, offering a move-in-ready experience that minimizes immediate capital expenditures for the buyer.
- Prime Highland Park Location
Situated in a highly sought-after neighborhood just minutes from Pasadena and Downtown LA, the location ensures strong long-term appreciation and consistent tenant interest.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2625, other record living area = 2121. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
- Limited Outdoor Space
With two detached homes totaling over 2,600 square feet on a 5,402-square-foot lot, the remaining yard space is minimal, which may limit appeal for buyers prioritizing private outdoor living.
- Recent Price Appreciation
The listing price was recently increased from $1.399M to $1.5M, which may lead to appraisal challenges or deter buyers sensitive to rapid market adjustments.
About 723 Chestnut Avenue
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.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1941
- Lot Size
- 5,402 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | - | 88% |
| Baths | 4.0 | - | 88% |
| Square foot | 2,625 | 2,203.5 | 63% |
| Lot Size | 5,402 | 6,635.5 | 38% |
| Price | $1.50M | $942.5K | 75% |
| Price per sq ft | $571 | $529 | 63% |
| Built year | 1941 | 1923 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 199 | 13% |
Pricing History
Listed for Sale
Mar 6, 2026
$1,500,000
$1,399,999
+7% Price Increase
Initial Listing
Price Change
Feb 20, 2026
$1,399,999
Initial Listing
Sold
Oct 19, 2018
$550,000
Public Record