1259 Devon Avenue, Los Angeles, CA 90024

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
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1259 Devon Avenue,Los Angeles, CA 90024
$2,395,000
  • 3 Beds
  • 6 Baths
  • 3,151 sq. ft.
  • Multi-family
  • Active
Listed by:michael sterman
Office:marcus & millichap
MLS#:25541757
Source:CRMLS

Price summary

  • Price:$2,395,000
  • Price per sq. ft.:$760.08

About this home

1259 Devon Ave is a fully renovated 6-unit investment property 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 5.36% going-in cap rate rare for such a prime location. The property features five 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. Additionally, two brand-new, fully permitted detached ADUs have been added (NOT subject to Rent Stabilization Ordinance), significantly increasing the income potential and long-term value of the asset. 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

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Home facts

  • Year built:1939
  • Listing Id #:25541757
  • Added:97 day(s) ago
  • Updated:August 21, 2025 at 01:30 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:6
  • Living area:3,151 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1939
  • Building area:3,151 sq. ft.
  • Lot area:0.12 Acres

Finances and disclosures

  • Price:$2,395,000
  • Price per sq. ft.:$760.08
Based on information from California Regional Multiple Listing Service, Inc. as of August 27, 2025 . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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