Los Angeles, CA 90024,1259 Devon
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Los Angeles, CA 90024,1259 Devon
Los Angeles, CA 90024,1259 Devon
Los Angeles, CA 90024,1259 Devon
Los Angeles, CA 90024,1259 Devon
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The Walker Team

The Walker Team

+1(650) 383-7298
Listed by Jordan Wang • Keller Williams Realty Irvine
$ 2,395,000
Est. payment /mo
Save
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1259 Devon Los Angeles, CA 90024

5,402 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW26006119

Year Built 1939

Lot Size 5,402 Sqft

Source California Regional MLS

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

Heating Wall Furnace , Central Forced Air

Cooling Central AC

Exterior

Parking Features No Parking

Pool None

Building

Water District - Public

Others

Tax ID 4327012025

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
Copyright 2026 MLSListings Inc All rights reserved.

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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