1259 Devon, Los Angeles, CA 90024

About this property

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.

Listing description from the February 2026 sale, as reported to CRMLS.

Sale history

$2,097,200

Sold February 2026 · listed $2,395,000, on market January 2026 · MLS #PW26006119 · Source: CRMLS

Listing Agent: Jordan Wang · Listing Office: Keller Williams Realty Irvine · Contact: 9495508885 · Bought with: Geoffrey Jaime · GT Investments

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