817 Chestnut Avenue, Los Angeles, California 90042, Los Angeles, 90042 - 2 bed, 2 bath
817 Chestnut Avenue
Los Angeles, California 90042
Property Price
SUMMARY
Analysis of 817 Chestnut Avenue, Los Angeles, California 90042 reveals a Prime Investment Opportunity with a current list price of $829,000—significantly undercutting the $861,628 Fair Market Value by 3%. This valuation gap indicates a +$32,628 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 817 Chestnut Avenue Subject | $829,000* List Price | 2 | 2 | 846 | $1,018 | - |
A 324 Chestnut Avenue Active | $855,000 List Price | 2 | 1 | 810 | $1,056 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
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.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
CONSRISKS & DEFICIENCIES
- 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.
About 817 Chestnut Avenue
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 6,000 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 | 2.0 | 3.0 | 36% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 846 | 1,350 | 8% |
| Lot Size | 6,000 | 5,401 | 61% |
| Price | $829.0K | $1.20M | 16% |
| Price per sq ft | $980 | $883 | 67% |
| Built year | 1925 | 1925 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 176 | 5% |
Pricing History
Listed for Sale
Jan 7, 2026
$829,000
Initial Listing
Sold
Oct 1, 2020
$770,000
Public Record
Sold
Feb 19, 2014
$346,000
Public Record