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$2,097,200
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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.
Full Property Details
Full Property Details for 1259 Devon
General
- Sold For: $2,097,200
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW26006119
- Added to Site: 53 day(s) ago
Interior
- Rooms/Areas: Atrium
- Fireplace(s): See Remarks
Rooms
Other Rooms
- Laundry: See Remarks
Additional Information
- Pool Description: None
Parking
- Parking Features: None
- Parking: None
Location
- Area: C05 - Westwood - Century City
- County: Los Angeles
- Development Name: C05 - Westwood - Century City
- Driving Directions: On Devon Ave just East of Beverly Glen
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 6
- # Electric Meters: 6
Structural Information
- Entry Location: 1
- Square Feet: 3,151
- Year Built: 1939
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.124
- Lot Size Source: Assessor
- Lot Description: Lawn
Financial Considerations
- Price Per Sq. Ft.: $665.57
- Price Per Unit: 399167
Listed by Keller Williams Realty Irvine, Jordan Wang and Keller Williams Realty Irvine, Hyung Kang
Sold by GT Investments, Geoffrey Jaime
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Schools
Schools serving 1259 Devon
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Fairburn Avenue Elementary School 1403 Fairburn Avenue, Los Angeles, CA 90024 | K-5 | 0.5 mi |
Emerson Community Charter School 1650 Selby Avenue, Los Angeles, CA 90024 | 6-8 | 1 mi |
University Senior High School Charter 11800 Texas Avenue, Los Angeles, CA 90025 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1259 Devon
Date
Details
Price
Change
Source
2/23/2026
Sold
$2,097,200
-12.43%
MLS
1/16/2026
Listed
$2,395,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1259 Devon, Los Angeles, CA 90024 (MLS# PW26006119) is a Multi-Family property that was sold at $2,097,200 on February 23, 2026. Want to learn more about 1259 Devon? Do you have questions about finding other Multi-Family real estate for sale in Century City? You can browse all Century City real estate or contact a Coldwell Banker agent to request more information.

