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817 Chestnut Avenue, Los Angeles, California 90042, Los Angeles, 90042 - 2 bed, 2 bath

817 Chestnut Avenue, Los Angeles, California 90042 home-pic-0
ACTIVE$829,000$846/sqft
Est. Value: $786,367
-5%
AboveEstimate
817 Chestnut Avenue, Los Angeles, California 90042
2Beds
2Baths
846Sqft
6,000Lot

Price Vs. Estimate

The estimated value ($786,367.135) is $42,632.865 (5%) lower than the list price ($829,000). This property may be overpriced.

Key pros and cons

Top Pros:
Significant Development Potential: Rare RD2 zoning allows for up to 3 units, with existing architectural plans from 2019 for two additional units, offering substantial future value and income potential.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 846, other record living area = 756.

Compared to the nearby listings

Price:$829.0K vs avg $1.20M ($-371,000)16%
Size:846 sqft vs avg 1,308 sqft8%
Price/sqft:$980 vs avg $89364%

More Insights

Built in 1925 (101 years old).
Condition: Despite being built in 1925, the property is described as 'turn key condition' with a 'remodeled interior.' Images confirm extensive updates including engineered wood flooring, granite countertops, stainless steel appliances, modern mosaic backsplashes, updated bathrooms with contemporary vanities and tiling, and newer dual-pane windows. A mini-split AC unit is visible, indicating modern climate control. While not brand new, the renovations appear to be within the last 5-15 years, making the home move-in ready with well-maintained systems and minimal wear and tear, aligning with the 'Good' criteria.
Year Built
1925
Close
-
List price
$829K
Original List price
$829K
Price/Sqft
$980
HOA
-
Days on market
-
Sold On
-
MLS number
SB26003697
Home ConditionGood
Features
Deck
Patio
View-

About this home

Turn key condition house + development potential = Living in a dream house while building a dream! One of the closest suburb from Downtown LA, the historic Garvanza / Highland Park area is young professional, trend setter's delight! Move in ready! Remodeled interior, wooden fence and long driveway with wooden car port. Yet it gets better.... owner/user development opportunity in your own backyard. Rare RD2 zoning, potentially 3 units allowed on this lot. An architectural plan was drawn in 2019, to propose 2 more units in the spacious back lot. Current house is 2 bed 2 bath, engineered wood floor throughout, granite countertop, stainless steel appliances, plenty of cabinet space. Newer dual pane windows great for energy efficiency. Wooden back patio extends outdoor living in the huge backyard with fruit trees. Many newly constructed properties added modern vibes to this street. Located in between downtown Los Angeles and Pasadena, this trendy neighborhood is right next to South Pasadena, where well maintained estate properties and dining and shopping options are the signature of this vibrant community. Easy commute, convenient access to freeways (110 Fwy, 5 Fwy, 210 and 134). Walking distance to park, elementary school and bus stop, Dash. Close to Arroyo Seco Golf Course and other entertainment in Pasadena such as restaurants, shops, art galleries. Also, close to Rose Bowl, Eagle Rock, Dodger Stadium, Occidental College, China Town, and East LA. Car port in front drive way and backyard.

M
Mingli Wang
Listing Agent

Price History

Date
Event
Price
10/01/20
Sold
$770,000
02/19/14
Sold
$346,000
Condition Rating
Good
Despite being built in 1925, the property is described as 'turn key condition' with a 'remodeled interior.' Images confirm extensive updates including engineered wood flooring, granite countertops, stainless steel appliances, modern mosaic backsplashes, updated bathrooms with contemporary vanities and tiling, and newer dual-pane windows. A mini-split AC unit is visible, indicating modern climate control. While not brand new, the renovations appear to be within the last 5-15 years, making the home move-in ready with well-maintained systems and minimal wear and tear, aligning with the 'Good' criteria.
Pros & Cons

Pros

Significant Development Potential: Rare RD2 zoning allows for up to 3 units, with existing architectural plans from 2019 for two additional units, offering substantial future value and income potential.
Prime & Trendy Location: Situated in the highly desirable, historic Garvanza/Highland Park area, appealing to young professionals and trendsetters, with excellent proximity to Downtown LA, Pasadena, and South Pasadena.
Move-in Ready & Modernized Interior: The current 2-bed, 2-bath home is in turn-key condition, featuring a remodeled interior with engineered wood flooring, granite countertops, stainless steel appliances, and energy-efficient dual-pane windows.
Generous Outdoor Space & Lot Size: Boasts a spacious 6000 sqft lot with a huge backyard, wooden patio, and fruit trees, providing ample outdoor living space and supporting the property's development potential.
Exceptional Commuter & Lifestyle Access: Offers easy access to major freeways (110, 5, 210, 134) for convenient commutes, and is walking distance to parks, schools, and public transport, with numerous entertainment and dining options nearby.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 846, other record living area = 756.
Limited Current Living Space: The existing single-family home is relatively small at 846 sqft, which may be a constraint for buyers seeking more expansive living areas.
Age of Original Structure: Built in 1925, the property, despite renovations, is an older home which might imply potential for age-related maintenance concerns not immediately apparent.
Lack of Specific Views: The property does not offer any notable views, which could be a consideration for buyers prioritizing scenic outlooks in the Los Angeles market.
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