1231 Devon Avenue,Los Angeles, CA 90024
Los Angeles, CA 90024
Description
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.
Details
| MLS # | SB26121365 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1947 |
| Days On Site | 88 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Cameron Samimi |
Features
| SQ Feet | 3,195 |
|---|---|
| Garage | 3 |
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 1 |
| Zoning | LARD1.5 |
| Acreage | 0.12 |
| Golf Course | Yes |
| Property View | Yes |
Interior
| Cooling | See Remarks |
|---|---|
| Cooling Yes / No | Yes |
| Appliances | Gas Cooktop, Gas Oven, Gas Range |
| Fireplace Yes / No | Yes |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Parking
| Parking Features | Garage, Garage Faces Rear |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Biking, Golf, Hiking, Park, Suburban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90024 |
| Area | C05 Westwood Century City |
| Listing VS Median (in 90024) | |
Price: $1,750,000 low | high Med: $2,597,000 sqft: 3,195 low | high Med: 4,110 $ / sqft: $548 low | high Med: $687 On site: 88 low | high Med: 142 | |
Market Activity 90024
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90024 |
| Area | C05 Westwood Century City |
| Listing VS Median (in 90024) | |
Price: $1,750,000 low | high Med: $2,597,000 sqft: 3,195 low | high Med: 4,110 $ / sqft: $548 low | high Med: $687 On site: 88 low | high Med: 142 | |
 | $1,850,00010372 Ashton AvenueLos Angeles, CA 90024 |