1235 Devon, Los Angeles, CA, 90024

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$1,675,000
11 Days On Site

1235 Devon
Los Angeles, CA 90024

For Sale|Apartment|Active
0
Beds
0
Total Baths
5,160
SqFt
$325
/SqFt
1947
Built
County:
Los Angeles
Listed by Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. cameron@lyonstahl.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
1235 Devon1235 Devon1235 Devon1235 Devon
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Positioned in the heart of Westwood, 1235 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, 1235 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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Listing Snapshot
Price 
$1,675,000
Days On Site 
11 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,160 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1185 Acres
Year Built 
1947
MLS Number 
SB26227684
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoStatus changed to Active
a week agoListing updated with changes from the MLS
a week agoPrice changed to $1,675,000
2 weeks agoListing first seen on site
General Features
Acres 
0.1185
Land Lease 
No
Number Of Stories 
2
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
5160
Water Source 
Public
Interior Features
Laundry Features 
Inside
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Exterior Features
Pool Features 
None
Community Features
Association Amenities 
Dog Park
Community Features 
CurbsGolfParkSuburban
MLS Area 
C05 - Westwood - Century City
Financing Terms Available 
CashConventional1031 Exchange
Building Access 
Front


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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