Skip to main content

Multifamily

1231 Devon Ave

1233 Devon Ave, Los Angeles, CA 90024

Listing Price: $1,995,000

Cap Rate
2.16%
Number of Units
3
GRM
23.53
Occupancy
100.0%
Price/Unit
$665,000
Price/Gross SF
$624.41
Gross SF
3,195

Investment Overview

Discover the charm of 1231 Devon Ave, a triplex in a quiet residential neighborhood on the southwest corner of Devon and Ashton Avenues in Westwood. The property was built in 1947 with a wood frame and stucco construction. Sprawling across 3,195 square feet and set on a 5,158 square foot lot with LARD1.5 zoning, it offers ample opportunity for investors and owner-users alike. The thoughtfully designed unit mix features a one-bedroom, one-bathroom unit, alongside two two-bedroom, one-bathroom units with washer/dryer hookups. The spacious units exude timeless appeal. The property features three one-car garages in the rear alleyway.

Investment Highlights

  • Excellent Westwood location - One block south of Wilshire Blvd and east of Beverly Glen Blvd
  • Prime Owner-User Opportunity
  • Corner Lot - ADU potential in the rear alleyway (Buyer to verify)

Exclusively Listed By

Financing By

Multifamily

1231 Devon Ave

Listing Price: $1,995,000

Cap Rate
2.16%
Number of Units
3
GRM
23.53
Occupancy
100.0%
Price/Unit
$665,000
Price/Gross SF
$624.41
Gross SF
3,195

Investment Highlights

  • Excellent Westwood location - One block south of Wilshire Blvd and east of Beverly Glen Blvd
  • Prime Owner-User Opportunity
  • Corner Lot - ADU potential in the rear alleyway (Buyer to verify)

Investment Overview

Discover the charm of 1231 Devon Ave, a triplex in a quiet residential neighborhood on the southwest corner of Devon and Ashton Avenues in Westwood. The property was built in 1947 with a wood frame and stucco construction. Sprawling across 3,195 square feet and set on a 5,158 square foot lot with LARD1.5 zoning, it offers ample opportunity for investors and owner-users alike. The thoughtfully designed unit mix features a one-bedroom, one-bathroom unit, alongside two two-bedroom, one-bathroom units with washer/dryer hookups. The spacious units exude timeless appeal. The property features three one-car garages in the rear alleyway.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower