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723 Chestnut Ave, Los Angeles, CA 90042

List Price: $1,699,999On Market FlagOn market
May 23, 20252,625 sqft6 beds4 baths
Listed by: Jonathan Rodriguez
License #: 02060068
Phone #: 626-623-7957
CA Flat Fee Listings, Inc
Source:
CRMLS Logo
MLS #: AR25110444

Property Description

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.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$30,693

TurboHome Estimated Value

$1,873,100

$714 sqft

High Valuation
$1,966,755
$749/sqft
Normal Valuation
$1,873,100
$714/sqft
Low Valuation
$1,779,445
$678/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$714/sqft$1,873,100

Neighborhood: Highland Park

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Comparative Value

$1.32M

$1.60M

$1.69M

$2.25M

$2.60M

5602 Irvington Pl, Los Angeles, CA 90042

Sale Price: $1,323,000

Selected Comparable

2025 Meridian Ave, South Pasadena, CA 91030

Sale Price: $1,600,000

Selected Comparable

6527 Pollard St, Los Angeles, CA 90042

Sale Price: $1,685,000

Selected Comparable

723 Chestnut Ave, Los Angeles, CA 90042

List Price: $1,699,999

Subject Property

407 La Terraza St, South Pasadena, CA 91030

Sale Price: $2,248,000

Selected Comparable

1611 Via Del Rey, South Pasadena, CA 91030

Sale Price: $2,600,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
723 Chestnut Ave, Los Angeles, CA 90042

723 Chestnut Ave, Los Angeles, CA 90042

List: $1,699,999

Listed: 5/23/2025

Area:2,625 sqft
Price/sqft:$648
Beds:6
Baths:4
Year Built:
Lot Size:5,402

Comparable Properties

COMPARABLE
Choose comps
1611 Via Del Rey, South Pasadena, CA 91030

1611 Via Del Rey, South Pasadena, CA 91030

Sale: $2,600,000

6/13/20250.98 mi

Area:2,840 sqft
Price/sqft:$915
Beds:5
Baths:4
Year Built:
Weight:23.7%
6527 Pollard St, Los Angeles, CA 90042

6527 Pollard St, Los Angeles, CA 90042

Sale: $1,685,000

4/25/20250.26 mi

Area:2,800 sqft
Price/sqft:$602
Beds:5
Baths:5
Year Built:
Weight:21.6%
407 La Terraza St, South Pasadena, CA 91030

407 La Terraza St, South Pasadena, CA 91030

Sale: $2,248,000

3/26/20251.19 mi

Area:2,550 sqft
Price/sqft:$882
Beds:5
Baths:3
Year Built:
Weight:19.9%
2025 Meridian Ave, South Pasadena, CA 91030

2025 Meridian Ave, South Pasadena, CA 91030

Sale: $1,600,000

9/6/20241.45 mi

Area:2,605 sqft
Price/sqft:$614
Beds:7
Baths:3
Year Built:
Weight:18.3%
5602 Irvington Pl, Los Angeles, CA 90042

5602 Irvington Pl, Los Angeles, CA 90042

Sale: $1,323,000

11/13/20241.48 mi

Area:2,330 sqft
Price/sqft:$568
Beds:5
Baths:3
Year Built:
Weight:16.5%

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2

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3

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