723 Chestnut Ave Los Angeles, CA 90042
Highland Park NeighborhoodEstimated payment $8,679/month
Highlights
- Built in 1941 | Newly Remodeled
- Laundry Room
- 1-Story Property
- No HOA
- Central Heating and Cooling System
- 3-minute walk to San Pascual Park
About This Home
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.
Listing Agent
CA Flat Fee Listings, Inc Brokerage Phone: 626-623-7957 License #02060068 Listed on: 02/20/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1941 | Newly Remodeled
Lot Details
- 5,402 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 2,625 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms | 5 Main Level Bedrooms
- 4 Full Bathrooms
Location
- Urban Location
Utilities
- Central Heating and Cooling System
- Septic Type Unknown
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Legal Lot and Block 5 / 6
- Tax Tract Number 603718
- Assessor Parcel Number 5493035004
- $283 per year additional tax assessments
- Seller Considering Concessions
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,708 | $715,873 | $429,473 | $286,400 |
| 2024 | $8,708 | $701,837 | $421,052 | $280,785 |
| 2023 | $8,541 | $688,077 | $412,797 | $275,280 |
| 2022 | $6,953 | $578,146 | $404,703 | $173,443 |
| 2021 | $6,867 | $566,811 | $396,768 | $170,043 |
| 2020 | $6,936 | $561,400 | $392,700 | $168,700 |
| 2019 | $7,212 | $550,400 | $385,000 | $165,400 |
| 2018 | $542 | $39,562 | $11,178 | $28,384 |
| 2016 | $502 | $37,644 | $10,745 | $26,899 |
| 2015 | $496 | $37,079 | $10,584 | $26,495 |
| 2014 | $510 | $36,353 | $10,377 | $25,976 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/04/2026 03/04/26 | Price Changed | $1,500,000 | 0.0% | $571 / Sq Ft |
| 03/04/2026 03/04/26 | For Sale | $1,500,000 | +7.1% | $571 / Sq Ft |
| 03/02/2026 03/02/26 | Off Market | $1,399,999 | -- | -- |
| 02/20/2026 02/20/26 | For Sale | $1,399,999 | -- | $533 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $550,000 | Stewart Title | |
| Interfamily Deed Transfer | -- | None Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR26031529
APN: 5493-035-004
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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