$2,395,000

1259 Devon, Los Angeles, CA 90024

  • 3,151 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1939
  • Property Lot Size Icon5,401sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $760/sqft
  • Property List Date Icon Listed 29 days ago

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.

Listing Status:
Active
Date Added:
January 16, 2026
Data Last Updated:
February 8, 2026 at 5:16AM
Listing Office:
Keller Williams Realty Irvine : 949-861-8000
Listing Agent:
Jordan Wang : 949-861-8000
MLS ID:
PW26006119
  • General: Atrium
  • Laundry: See Remarks
  • A/C: Central Air
  • Heating: CentralWall Furnace
  • Fireplace: See RemarksFireplace
  • Pool: None
  • Parking: Parking spaces: 0
  • General: 1
  • Originating MLS: CRMLS_CRM
  • County: Los Angeles
  • Zoning: 4327012025
  • Water: Public
  • Sewer: Public Sewer
  • Source: CRMLS_CRM

Presented by Veterans United Realty

This listing courtesy of Jordan Wang , Keller Williams Realty Irvine

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Warner Avenue Elementary

615 Holmby Ave, Los Angeles, CA, 90024

Grades KG-5

0.50 miles away

E

Emerson Community Charter

1650 Selby Ave, Los Angeles, CA, 90024

Grades 6-8

0.96 miles away

U

University High School Charter

11800 Texas Ave, Los Angeles, CA, 90025

Grades 9-12

2.41 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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