1231 Devon Avenue, Los Angeles, CA 90024
Local realty services provided by:CENTURY 21 Lois Lauer Realty
1231 Devon Avenue,Los Angeles, CA 90024
$1,750,000
- - Beds
- - Baths
- 3,195 sq. ft.
- Multi-family
- Active
Listed by: cameron samimi
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26121365
Source:CRMLS
Price summary
- Price:$1,750,000
- Price per sq. ft.:$547.73
About this home
You will not find a better-priced three-unit property in West LA, and the location is impeccable, situated next to the Los Angeles Country Club on a corner lot. DO NOT MISS THIS DEAL. It will sell fast.
The owner priced it to sell quickly. An identical building recently sold for approximately $300,000 more and generated less income.
Positioned in the heart of Westwood, 1231 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, 1231 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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Home facts
- Year built:1947
- Listing ID #:SB26121365
- Added:57 day(s) ago
- Updated:July 31, 2026 at 11:07 AM
Rooms and interior
- Kitchen Description:Gas Cooktop, Gas Oven, Gas Range
- Living area:3,195 sq. ft.
Structure and exterior
- Year built:1947
- Building area:3,195 sq. ft.
- Lot area:0.12 Acres
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,750,000
- Price per sq. ft.:$547.73
Parking
- Total parking spaces:3
- Parking description:Garage, Garage Faces Rear
- Garage:Yes
- Garage spaces:3
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