1259 Devon, Los Angeles, CA 90024

$2,097,200

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Listed by Jordan Wang, from Keller Williams Realty Irvine
(If provided) CoList: Hyung Kang from Keller Williams Realty Irvine

Sold listing courtesy of Geoffrey Jaime from

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Sold Price: $2,097,200
List Price: $2,395,000
Closing Date: Feb 23, 2026
MLS#: CRPW26006119
Status: SOLD
Lot Size: 5,402
Listing Area: C05 - Westwood - Century City
Year Built: 1939

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Property Description

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.

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Additional Information

Cooling System: Central AC
Garage Parking: No Parking
Heating System: Wall Furnace, Central Forced Air
Lot Size: 5,402
Neighborhood: C05 - Westwood - Century City
Other Rooms: Atrium
Pool Description: None
Unincorporated Yn: Yes

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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Bailey Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . 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.