Property Details
About this Property
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.
MLS Listing Information
MLS #
CRPW26006119
MLS Source
California Regional MLS
Days on Site
9
Interior Features
Cooling
Central Forced Air
Heating
Central Forced Air, Wall Furnace
Parking, School, and Other Information
Garage/Parking
No Parking, Garage: 0 Car(s)
Contact Information
Listing Agent
Jordan Wang
Keller Williams Realty Irvine
License #: 01993587
Phone: –
Co-Listing Agent
Hyung Kang
License #: 02093178
Phone: (714) 909-4223
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 6 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1259 Devon is a Residential Income in Los Angeles, CA 90024. This – square foot property sits on a 5,402 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,395,000 and was built in 1939. This address can also be written as 1259 Devon, Los Angeles, CA 90024.
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This listing information is up-to-date as of January 17, 2026. For the most current information, please contact Jordan Wang
