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723 Chestnut Avenue, Los Angeles, California 90042, Los Angeles, 90042 - bed, bath

723 Chestnut Avenue, Los Angeles, California 90042 home-pic-0
ACTIVE$1,599,999
723 Chestnut Avenue, Los Angeles, California 90042
0Bed
0Bath
2,625Sqft
5,402Lot
Year Built
1941
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$610
HOA
-
Days on market
-
Sold On
-
MLS number
AR25226437
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.60M(69th), sqft - 2625(69th), beds - undefined(50th), baths - undefined(50th).

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
09/26/25
Listing
$1,599,999
10/19/18
Sold
$550,000
Condition Rating
Excellent
Despite the original build year of 1941, the listing explicitly states the property has been 'completely re-built' with 'modern updates throughout,' including 'brand-new kitchens, designer bathrooms, and upgraded systems.' The images corroborate this, showcasing contemporary white shaker cabinets, quartz countertops, stainless steel appliances, modern black fixtures, stylish tile work in the bathrooms, and new wood-look flooring. All visible components appear virtually new and meet current quality standards, indicating a very recent and extensive renovation.
Pros & Cons

Pros

Exceptional Income Potential: This property offers a rare opportunity with two fully detached, re-built homes on one lot, each with separate addresses and utilities, ideal for house hacking, multi-generational living, or maximizing rental income in a high-demand market.
Prime Highland Park Location: Strategically located in Highland Park, the property provides excellent access to Pasadena, South Pasadena, and Downtown LA, appealing to a broad range of tenants and owners seeking urban convenience.
Extensive Modern Updates: Both units have been completely re-built with brand-new kitchens, designer bathrooms, upgraded systems, and stylish finishes, ensuring low immediate maintenance and attracting quality tenants.
Detached Units for Privacy & Flexibility: The detached nature of the two homes provides superior privacy and flexibility compared to traditional duplexes, making it suitable for co-ownership or diverse living arrangements.
High-Demand Rental Market: Situated in a high-demand rental market, the property offers a strong investment proposition with potential for consistent occupancy and robust rental yields.

Cons

Original Construction Year: While extensively rebuilt, the original construction year of 1941 might raise questions about the long-term integrity of the underlying structure or non-cosmetic elements not explicitly detailed as upgraded.
Lack of Views: The property description explicitly states 'view:None', which could be a drawback for buyers or tenants who prioritize scenic views, especially in the Los Angeles market.
Potentially Limited Private Outdoor Space: With two detached units on a 5402 sqft lot, the individual private outdoor space allocated to each unit might be limited, which could be a consideration for occupants seeking extensive personal outdoor amenities.

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