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Listed by Jordan Wang • Keller Williams Realty Irvine
$2,395,000
Est. payment /mo
5,402 Sqft Lot
Active
1259 Devon Los Angeles, CA 90024
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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
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