723 Chestnut Avenue, Los Angeles, California 90042, Los Angeles, 90042 - 6 bed, 4 bath
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Los Angeles, California 90042
This Modernized Dual-Residence Property is a Strong Value Opportunity, listed at $1,500,000—positioned well below the $1,613,801 Fair Market Value by 7%. This valuation gap offers $113,801 in Instant Equity. Both detached homes boast a Recent Full Renovation featuring designer bathrooms, brand-new kitchens, and a private patio. Located in the high-demand Highland Park area of the Los Angeles Unified district, these turnkey units ensure immediate rental upside or multigenerational flexibility. This is an ideal acquisition for Owner-Occupants looking to house hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 723 Chestnut Avenue Subject | $1,500,000* List Price | 6 | 4 | 2,625 | $615 | - |
A 6119 Piedmont Avenue Active | $1,400,000 List Price | 4 | 3 | 2,041 | $686 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
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.
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.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 0.0 | 89% |
| Baths | 4.0 | 0.0 | 89% |
| Square foot | 2,625 | 1,800 | 78% |
| Lot Size | 5,402 | 5,402 | 50% |
| Price | $1.50M | $925.0K | 78% |
| Price per sq ft | $571 | $565 | 56% |
| Built year | 1941 | 1923 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 152 | 22% |
Mar 6, 2026
$1,500,000
$1,399,999
+7% Price Increase
Initial Listing
Feb 20, 2026
$1,399,999
Initial Listing
Oct 19, 2018
$550,000
Public Record