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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,395,000

Est. payment - /mo

5,401 Sqft Lot

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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26006119

HOA Y/N No

Year Built 1939

Lot Size 5,401 Sqft

Property Sub-Type Mixed Use

Property Description

Welcome to 1259 Devon Ave located just south of Wilshire Blvd in one of West Los Angeles' most desirable neighborhoods. Surrounded by multi-million dollar homes and positioned near the prestigious Wilshire Corridor, this turnkey asset offers an impressive 6.5% cap rate rare for such a prime location. The property features 6 extensively renovated units, each with brand new kitchens and bathrooms, modern finishes, in-unit washer/dryers, and central A/C and heat. These upgrades enhance tenant appeal and reduce future maintenance costs. Tenants enjoy condo-quality living in a highly walkable neighborhood near Beverly Hills, Century City, and UCLA. With high demand and limited rental inventory in the area, 1259 Devon Ave presents a rare opportunity to acquire a stabilized, high-yield asset with strong fundamentals. Whether you're looking for steady cash flow, long-term appreciation, or a strategic foothold in a blue-chip location, this property checks every box. It's ideal for both new and experienced investors seeking a low-maintenance building in one of Los Angeles strongest rental market.

Location

State CA

County Los Angeles

Area C05 - Westwood - Century City

Interior

Interior Features Atrium

Heating Central, Wall Furnace

Cooling Central Air

Fireplaces Type See Remarks

Fireplace Yes

Laundry See Remarks

Exterior

Parking Features None

Pool None

Community Features Park, Street Lights, Suburban

Private Pool No

Building

Lot Description Lawn

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4327012025

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Jordan Wang Keller Williams Realty Irvine 9495508885

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

10

Edison Language Academy

Public | PK - 5
10

Warner Avenue Elementary

Public | KG - 5
10

Westwood Charter Elementary School

Public | KG - 5
10

West Hollywood Elementary

Public | KG - 5
9

Community Magnet Charter Elementary School

Public | KG - 5
9

Fairburn Avenue Elementary School

Public | KG - 5
9

Clover Avenue Elementary School

Public | KG - 5
9

Overland Elementary School

Public | KG - 5
9

El Rodeo School

Public | KG - 8
9

Beverly Vista School

Public | KG - 8
9

Canfield Avenue Elementary School

Public | KG - 5
9

Horace Mann School

Public | KG - 8
8

Richland Avenue Elementary

Public | KG - 6
8

Hawthorne School

Public | KG - 8
8

Castle Heights Elementary School

Public | KG - 5
7

Nora Sterry Elementary School

Public | KG - 5
7

Linwood E. Howe Elementary School

Public | KG - 5
5

Brockton Avenue Elementary

Public | KG - 5
5

Shenandoah Street Elementary School

Public | KG - 5
4

Palms Elementary

Public | KG - 5

Middle Schools 12

8

New West Charter

Public | 6 - 10
7

Palms Middle School

Public | 6 - 8
6

Emerson Community Charter

Public | 6 - 8
5

Magnolia Science Academy 4

Public | 6 - 12
5

Magnolia Science Academy 6

Public | 6 - 8
4

Daniel Webster Middle School

Public | 6 - 8
0

Archer School for Girls

Private | 6 - 12
0

Fusion Academy - los Angeles

Private | 6 - 12
0

City Charter Middle School

Public | 6 - 8
0

Angela's Workshop

Private | 6 - 12
0

Yeshivat Ohr Chanoch

Private | 8 - 12
0

Star Preparatory Academy

Private | 6 - 12

High Schools 11

10

Beverly Hills High School

Public | 9 - 12
6

University High School Charter

Public | 9 - 12
5

Alexander Hamilton High School

Public | 9 - 12
0

Lighthouse Christian Academy

Private | 9 - 12
0

Marymount High School los Angeles

Private | 9 - 12
0

Arete Preparatory Academy

Private | 9 - 12
0

Notre Dame Academy Girls High School

Private | 9 - 12
0

Moreno High (Continuation)

Public | 9 - 12
0

Yula Boys High School

Private | 9 - 12
0

Cheviot Hills Continuation

Public | 9 - 12
0

Yula Girls High School

Private | 9 - 12

School and business data provided by Attom Data.

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1259 Devon Los Angeles, CA 90024