Home | Los Angeles County | Los Angeles | 90024 | 1259 Devon
MLS: CRPW26006119 | Status: | Price: $2,097,200
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 5,402 | 1939 |
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.
| Field | Value |
|---|---|
| MLS # | CRPW26006119 |
| MLS Source | California Regional MLS |
| Feature | Details |
|---|---|
| Cooling | Central Forced Air |
| Heating | Central Forced Air, Wall Furnace |
| Feature | Details |
|---|---|
| Garage/Parking | No Parking, Garage: 0 Car(s) |
| Listing Agent | Co-Listing Agent |
|---|---|
| Jordan Wang | Hyung Kang |
| Keller Williams Realty Irvine | |
| License #: 01993587 | License #: 02093178 |
| Phone: – | Phone: (714) 909-4223 |
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 6 | – |
School data provided by GreatSchools.org
©2026 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of February 24, 2026. For the most current information, please contact Jordan Wang.