1235 Devon Los Angeles, CA $ 1,675,000
1235 Devon
$ 1,675,000
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1235 Devon

Los Angeles, CA, 90024
$ 1,675,000
Bedrooms-- Baths1.0 Sq 5,160

Monthly Estimate*

$ 11,569

Listed by Cameron Samimi, Lyon Stahl Investment Real Estate, Inc., cameron@lyonstahl.com
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Multi-Family Home for sale in Los Angeles, CA

for $1,675,000 with 1 full bath. This 5,160 square foot home was built in 1947 on a lot size of 0.1185.

Positioned in the heart of Westwood, 1235 Devon Ave presents a rare opportunity to acquire a premier Westside asset with immediate cash flow and substantial value-add potential. The property consists of three spacious units totaling 3,195 SF, with an attractive unit mix of two 2-bedroom units and one 1-bedroom unit. The real story here is the ADU upside. Ownership has identified the potential to add three additional units consisting of two 1+1 ADUs and one 2+2 ADU (buyer to verify), creating a unique opportunity to significantly increase rental income and overall property value in one of the most desirable rental markets in Los Angeles. Just minutes from UCLA, this property is also an ideal opportunity for parents with a son or daughter attending the university. Why pay rent when you can own a cash-flowing Westwood triplex, provide housing for your student, and benefit from one of the strongest rental markets in Southern California? Located near UCLA, Century City, Beverly Hills, and Westwood Village, the property benefits from exceptional tenant demand and long-term appreciation potential. Whether you're looking for stable income today or a value-add opportunity with substantial upside through future ADU development, 1235 Devon Ave offers both. Opportunities to acquire a corner-lot Westwood property with this combination of location, income, and ADU potential are exceptionally rare.

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Multi-Family Active

Price

$ 1,675,000

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1185

Year Built

1947

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SB26227684

Days on Market

2

Features
General
Sewer Public Sewer
Garage Spaces 0
Pool Features None
Year Built 1947
Property Subtype Apartment
Gross Income 84780
Community Features Biking Curbs Dog Park Golf Park Suburban
County Los Angeles
Net Operating Income 55349
Operating Expense 29431
Insurance Expense 3994
New Construction false
Property Type Residential Income
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Located in Westwood near Wilshire Boulevard and Westwood Boulevard. Use GPS for precise directions.
City Los Angeles
Entry Location Front
Senior Community Y/N false
Number Of Units Total 3
MLS Area C05 - Westwood - Century City
Lot Size Units Square Feet
Lot Size Square Feet 5160
Listing Terms Cash Conventional 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 3000
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 1
Property Sub Type Additional Apartment
Expected Active Date 2026-10-21
Taxes 20938
Cap Rate 3.3
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Laundry Features Inside
Entry Level 1
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Exterior
Lot Features 2-5 Units/Acre
Water Source Public
Total Parking 0
Lot Size Area 5160
Number of Buildings 1
Building Area Total 5160
Lot Size Acres 0.1185
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 5
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
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* Excluded Features
List By
Cameron Samimi

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

Broker

cameron@lyonstahl.com

Email

Affordability Calculator

$11,569
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Monthly Principal & Interest
$11,569
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Default based on a 30-year fixed rate of 7.375% 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
Pricing History
DatePricePrice ChangeDescription
10/21/2026$1,675,000 Listed Price

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1235 Devon, Los Angeles, CA, 90024 is a Multi-Family Home for sale at $1,675,000 with 5,160 sqft and a lot size of 0.1185. 1235 Devon has 1.0 baths and was built in 1947. The property's zip code is 90024 which is in Los Angeles, CA