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1259 Devon Los Angeles, CA $ 2,395,000
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$ 2,395,000 Get more info
1259 Devon
$ 2,395,000
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1259 Devon

Los Angeles, CA, 90024
$ 2,395,000
Baths1.0 Sq 3,151

Monthly Estimate*

$ 14,746

Listed by Keller Williams Realty Irvine
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View a Virtual Tour
Studio

Single Family Home for sale in Los Angeles, CA

for $2,395,000 with 1 full bath. This 3,151 square foot home was built in 1939 on a lot size of 0.124.

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.

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Single Family Active

Price

$ 2,395,000

Bedrooms

Studio

Full Bath

1

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

0.124

Year Built

1939

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW26006119

Days on Market

15
Features
General
Sewer PublicSewer
Heating Central WallFurnace
Cooling CentralAir
Garage Spaces 0
Pool Features None
Year Built 1939
Property Subtype MixedUse
Gross Income 185015
Community Features Park StreetLights Suburban
County Los Angeles
Net Operating Income 185015
Operating Expense 0
Insurance Expense 0
New Construction false
Property Type ResidentialIncome
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions On Devon Ave just East of Beverly Glen
City Los Angeles
Entry Location 1
Senior Community Y/N false
Number Of Units Total 6
MLS Area C05 - Westwood - Century City
Lot Size Units SquareFeet
Lot Size Square Feet 5402
Number of Units Leased 6
Listing Terms Cash Conventional
Property Attached Y/N true
Land Lease Y/N false
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 27
Total Actual Rent 15417
Property Sub Type Additional MixedUse
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Interior
Interior Amenities Atrium
Fireplace Features SeeRemarks
Total Stories 1
Common Walls TwoCommonWallsOrMore
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features SeeRemarks
Entry Level 1
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Exterior
Parking Features None
Lot Features Lawn
Water Source Public
Total Parking 0
Lot Size Area 5402
Number of Buildings 2
Building Area Total 3151
Lot Size Acres 0.124
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
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* Excluded Features
List By
Keller Williams Realty Irvine

Broker

Jordan@TheWangGroup.com

Email

Affordability Calculator

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/17/2026$2,395,000 Listed Price

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1259 Devon, Los Angeles, CA, 90024 is a Single Family Home for sale at $2,395,000 with 3,151 sqft and a lot size of 0.124. 1259 Devon is a studio with 1.0 baths and was built in 1939. The property's zip code is 90024 which is in Los Angeles, CA

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