1259 Devon Avenue

Clicking on links may lead to other third party sites and ads. Visiting those sites or viewing the ads is deemed voluntary by you. LKV Realty, LLC does not endorse the access to or content of those sites.

LKV Realty, LLC is an affiliate of Lakeview Loan Servicing, LLC (“Lakeview”). Lakeview customers are not required to use LKV Realty, LLC and/or any of the third-party products and services. Lakeview Loan Servicing, LLC (“Lakeview”) is located at 4425 Ponce de Leon Blvd., MS 5-251, Coral Gables, FL 33146 and can be reached at 855-294-8564, or on the internet at www.lakeview.com. Lakeview’s NMLS/Unique Identifier number is NMLS #39152. www.nmlsconsumeraccess.org It is the policy of Lakeview to provide services without regard to race, color, religion, national origin, ancestry, age, sex, familial status, physical handicap, disability, or any other prohibited basis. Lakeview is licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act (license #4131216). Lakeview is not licensed for lending activities in any U.S. territory. Not authorized to originate loans in the State of New York. Lakeview Loan Servicing, LLC is an Equal Housing Lender.

All information provided within this website is for informational purposes only and does not constitute legal or financial advice. Lakeview and their affiliates make no guarantees as to the accuracy, quality, or completeness of such information, and shall not be responsible or liable for any errors, omissions, or inaccuracies in the information, or for any user’s reliance or the information. Any information made available on this website may change from time to time, and at any time without prior notice. Lakeview does not warrant, and is not responsible for, any affiliate third-party products or services, representations, actions, or omissions.

LKV Realty, LLC is licensed as a real estate brokerage in: Alabama, Arizona, Arkansas, California (license number 2241129), Colorado, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

CLW-C129728

1259 Devon Ave is a fully renovated 6-unit investment property 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 5.36% going-in cap rate rare for such a prime location. The property features five 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. Additionally, two brand-new, fully permitted detached ADUs have been added (NOT subject to Rent Stabilization Ordinance), significantly increasing the income potential and long-term value of the asset. 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 submarkets.

1259 Devon Avenue, Los Angeles, CA 90024

Market Report for 90024

Property Information

Property Details

Location

Interior Features

Beds and Baths

Building

Building Information

Financial