Active

1231 Devon Avenue

Los Angeles, CA 90024

$1,750,000 $7,378/Mo

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Overview

Bed

Bath

3,195

Sqft

5,160

Sqft(Lot)

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.

Property Details

Property Type : Residential Income

Price : $1,750,000

AD Id : 79962991

MLS Id : SB26121365

Beds : 5

Lot Size : 5,160 Sqft

Living Area Size : 3,195

Year Built : 1947

Garage : 3

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Property Appliances: Gas Cooktop,Gas Oven,Gas Range Fireplace: See Remarks
Cooling Features

See Remarks Air Conditioning

Fireplace

Fireplace Features: See Remarks Has Fireplace: 1

Building Information

Year Built: 1947 Building Area Total: 3,195
Pool Features

None

Laundry Features

See Remarks

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1185
Lot Size Source: Assessor Lot Size Square Feet: 5160

Listing Price Information

Original List Price: 1,750,000 Listing Contract Date: 2026-06-01
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 4327012001

Garage and Parking

Garage Description: Garage,Garage Faces Rear

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: C05 - Westwood - Century City Directions: South of Beverly Hills Plaza & S Beverly Glenn Blvd Zoning: LARD1.5 Source Property Type: Residential Income Area: C05 - Westwood - Century City Property SubType: Triplex
Building and Construction

Property Age: 79 Common Walls: 1 Common Wall Structure Type: Triplex Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
10372 Ashton Avenue, Los Angeles, CA, 90024	$1,950,000	4	4	3,064	3,064 SqFt
1700 Glendon, Los Angeles, CA, 90024	$2,600,000	5	4	2,805	2,805 SqFt

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ByOwner last updated this listing 06/08/2026 @ 16:04

MLS: SB26121365 LISTED BY: Cameron Samimi, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS