1259 Devon, Los Angeles, CA 90024

Local realty services provided by:ERA Excel Realty
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:270 day(s) ago
  • Updated:February 16, 2026 at 02:31 PM

Rooms and interior

  • Living area:3,151 sq. ft.

Heating and cooling

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

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
Based on information from California Regional Multiple Listing Service, Inc. as of February 16, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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