723 Chestnut Ave Los Angeles, CA 90042
Property details
About 723 Chestnut Ave
Seller is offering a 2-1 buydown credit. Purchase this duplex with a rate as low as 5.25%! 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.
Highlights
Summary
- Full Bathrooms: 4
- Interior: All Bedrooms Down
- Fireplace: None
- Total Bedroom Count: 6
- Private Pool: No
- Heating: Central
- Cooling: Central Air
- List Price: $1,724,999
- Price/SqFt: $657
- HOA Amount: $0
- Annual Tax Amount: $8,707
- Tax Year: 2024
- Directions: Located on Chestnut
- Year Built: 1941
- Stories: 1
- Living Area: 2,625 SqFt
- Lot Size: 0.124 Acres
- MLS Number: AR25110444
- MLS Name: CRMLS
- Office Name: CA Flat Fee Listings, Inc
- Office Phone: (626) 623-7957
- Listing Agent: Jonathan Rodriguez
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
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Last updated on: 7/21/2025, 12:45:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 19, 2018 | Home Sold | $550,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $702,237 | $8,707 |
| 2023 | $688,477 | $8,540 |
| 2022 | $578,546 | $6,952 |
| 2021 | $567,211 | $6,867 |
| 2020 | $561,000 | $7,211 |
| 2019 | $550,000 | $542 |
| 2018 | $39,162 | $528 |
| 2017 | $38,395 | $528 |
History based on county public records data.
Nearby schools
7
San Pascual STEAM Magnet
Public Magnet KG-5
0.1 mi
•815 San Pascual Ave
8
Arroyo Vista Elementary School
Public District KG-5
0.4 mi
•335 El Centro St
6
Garvanza Elementary
Public District KG-5
0.6 mi
•317 N Avenue 62
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $60,827. The majority of Los Angeles, CA residents have income between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Major League Soccer (MLS)
Music Concerts
Pro Boxing
Where do the neighbors shop?
Banana Republic
H&M
IKEA
Where do the neighbors go to eat?
Jack In The Box
Chipotle
Quiznos
What do the neighbors drive?
Toyota
Volkswagen
Lexus
What do the neighbors listen to?
Jazz
Rhythmic Contemporary Hits- Soft Adult Contemporary
Frequently asked questions
About 723 Chestnut Ave
The listing price of 723 Chestnut Ave property is $1,724,999.
The property 723 Chestnut Ave is a multi located in Los Angeles, California, 90042.
Active Listing: 723 Chestnut Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 723 Chestnut Ave are: San Pascual STEAM Magnet (GreatSchools Rating 7/10), Arroyo Vista Elementary School (GreatSchools Rating 8/10), Garvanza Elementary (GreatSchools Rating 6/10), Luther Burbank Middle School (GreatSchools Rating 6/10), South Pasadena Middle School (GreatSchools Rating 9/10), Arroyo Seco Museum Science (GreatSchools Rating 6/10), South Pasadena High School (GreatSchools Rating 10/10), Los Angeles College Preparatory Academy (GreatSchools Rating 6/10), Benjamin Franklin High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $8,707 (source: MLS/based on county public records data).
The last sale was on October 19, 2018 for $550,000 (source: MLS/tax record).
The property 723 Chestnut Ave is 2,625 SqFt (source: MLS/tax record).
The year of construction for 723 Chestnut Ave is 1941.
This home is located at 723 Chestnut Ave in Los Angeles, CA and zip code 90042 in the Northeast LA neighborhood. This 2,625 square foot home, which was built in 1941, sits on a 0.12 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 24, 2025 and is currently priced at $1,724,999.
In June 2025 more than 282 listings in Los Angeles, CA were sold above the asking price. During the same period more than 108 listings were sold at asking price, while more than 339 were sold below. In June 2025 in Los Angeles, CA there were 9% more homes for sale than in May. Listings spent 34 days on the market in June 2025, and had a median list price of $876,067 during the same period.