About 1259 Devon
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.
Features of 1259 Devon
| MLS® # | PW26006119 |
|---|---|
| Price | $2,395,000 |
| Sold Price | $2,097,200 |
| Bedrooms | 7 |
| Bathrooms | 6.00 |
| Lot Sqft | 5,402 |
| Acres | 0.12 |
| Year Built | 1939 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Closed |
| # Of Units | 6 |
Community Information
| Address | 1259 Devon |
|---|---|
| Area | C05 - Westwood - Century City |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90024 |
Amenities
| Parking | None |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior Features | Atrium |
|---|---|
| Heating | Central, Wall Furnace |
| Cooling | Central Air |
| Has Basement | No |
| Fireplace | Yes |
| Fireplaces | See Remarks |
| # of Stories | 1 |
Exterior
| Lot Description | Lawn |
|---|
Additional Information
| Date Listed | January 9th, 2026 |
|---|---|
| Date Sold | February 23rd, 2026 |
| Days on Market | 20 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jordan Wang |
|---|---|
| Office | Keller Williams Realty Irvine |