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$ 2,615,000
$ 2,695,000 3.0%
Est. payment /mo
Sold on 06/18/2025
1301 Devon AVE Los Angeles, CA 90024
4 Beds
6 Baths
4,786 SqFt
UPDATED:
Key Details
Sold Price $2,615,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 4,786 sqft
Price per Sqft $546
MLS Listing ID 25523143
Sold Date 06/18/25
Bedrooms 4
HOA Y/N No
Year Built 1940
Property Description
Located in the prestigious Comstock Hills enclave of Westwood, 1301 Devon Avenue offers a rare opportunity to acquire a multifamily asset in one of West Los Angeles' most stable and sought-after neighborhoods. Surrounded by multi-million-dollar single-family homes and tucked away on a quiet, tree-lined street, this six-unit apartment building blends timeless architectural charm with significant financial upside. Built in 1940, the building spans approximately 4,786 square feet on a 5,777 square foot lot and is zoned [Q]RD1.5-1XL TOC Tier 2. The unit mix consists of four large one-bedroom units with formal dining rooms and two studios, with one unit currently vacant offering immediate leasing potential or the opportunity for owner-occupancy. There are also three 2-car garages accessible from the alley creating the opportunity for ADU conversion. Importantly, the current rental income is well below market, presenting a substantial value-add opportunity: pro forma rents suggest the potential for a 66% increase in monthly income through strategic unit renovations and lease-ups. Less than a mile from UCLA, Westfield Century City, and The Los Angeles Country Club, and with easy access to the 405 freeway, the location is a long-term renter magnet. Just 1.5 miles from Holmby Park, 2 miles from Westwood Village, and a short 1.2-mile drive to the City of Beverly Hills, this prime spot offers unbeatable convenience and accessibility. Whether you're an investor targeting upside through repositioning or a buyer seeking a foothold in one of LA's most desirable zip codes, 1301 Devon Avenue delivers on both present-day performance and future potential.
Location
State CA
County Los Angeles
Area C05 - Westwood - Century City
Zoning [Q]RD1.5-1XL
Interior
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Door-Multi, Garage
Garage Spaces 6.0
Garage Description 6.0
Total Parking Spaces 6
Building
Lot Description Corners Marked
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4327012017
Special Listing Condition Standard
Listed by Oron Maher Maher Commercial Realty
Bought with Oron Maher Maher Commercial Realty
Bought with Oron Maher Maher Commercial Realty
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