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1259 Devon, Los Angeles, CA 90024

Local realty services provided by:CENTURY 21 Valley Properties
1259 Devon,Los Angeles, CA 90024
$2,395,000
  • - Beds
  • - Baths
  • 3,151 sq. ft.
  • Multi-family
  • Active
Listed by: jordan wang, hyung kang
Office: keller williams realty irvine
MLS#:PW26006119
Source:CRMLS

Price summary

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

About this home

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

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Home facts

  • Year built:1939
  • Listing ID #:PW26006119
  • Added:252 day(s) ago
  • Updated:January 30, 2026 at 04:27 AM

Rooms and interior

  • Living area:3,151 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Wall Furnance

Structure and exterior

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

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,395,000
  • Price per sq. ft.:$760.08
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Valley Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Valley Properties, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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