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$1,750,000
1231 Devon Avenue, Los Angeles, CA 90024
Lyon Stahl Investment Real Estate, Inc.
MLS® SB26121365
5Beds
3Baths
3Days Listed
About This Property
You will not find a better-priced three-unit property in West LA, and the location is impeccable, situated next to the Los Angeles Country Club on a corner lot. DO NOT MISS THIS DEAL. It will sell fast. The owner priced it to sell quickly. An identical building recently sold for approximately $300,000 more and generated less income. Positioned in the heart of Westwood, 1231 Devon Ave presents a rare opportunity to acquire a premier Westside asset with immediate cash flow and substantial value-add potential. The property consists of three spacious units totaling 3,195 SF, with an attractive unit mix of two 2-bedroom units and one 1-bedroom unit. The real story here is the ADU upside. Ownership has identified the potential to add three additional units consisting of two 1+1 ADUs and one 2+2 ADU (buyer to verify), creating a unique opportunity to significantly increase rental income and overall property value in one of the most desirable rental markets in Los Angeles. Just minutes from UCLA, this property is also an ideal opportunity for parents with a son or daughter attending the university. Why pay rent when you can own a cash-flowing Westwood triplex, provide housing for your student, and benefit from one of the strongest rental markets in Southern California? Located near UCLA, Century City, Beverly Hills, and Westwood Village, the property benefits from exceptional tenant demand and long-term appreciation potential. Whether youre looking for stable income today or a value-add opportunity with substantial upside through future ADU development, 1231 Devon Ave offers both.
Cameron SamimiLyon Stahl Investment Real Estate, Inc.310-259-7556MLS® SB26121365
Property Location
Map
Property Details
- Property Type
- Res Income 2-4 Units
- Bedrooms
- 5
- Bathrooms
- 3
- Building Area
- 0 Sqft
- Living Area
- 0 sqft
- Year Built
- 0
- Status
- Active
- Days on Market
- 3
- Cumulative Days on Market
- 1
- Original Price
- $1,750,000
- MLS® Number
- SB26121365
Location & Neighborhood
What's nearby 1231 Devon Avenue, Los Angeles, CA 90024
Nearby Schools
- Assigned
- Assigned
- Assigned
- Warner Avenue Elementary0.5 mi
Elementary School • Public • K–5
- El Rodeo Elementary0.6 mi
Elementary School • Public • K–5
- Beverly Hills High0.9 mi
Secondary School • Public • 9–12
- Westwood Charter Elementary1.3 mi
Elementary School • Public • K–5
- Moreno High (Continuation)1.6 mi
Secondary School • Public • 9–12
Parks & Recreation
- Holmby Park0.5 mi
park
Transit Access
- Wilshire & Beverly Glen0.1 mi
Bus Stop
- Wilshire & Comstock0.1 mi
Bus Stop
- Los Angeles Country Club0.3 mi
Bus Stop
- Wilshire & Warner0.3 mi
Bus Stop
- Beverly Glen & Wilkins0.4 mi
Bus Stop
Local Amenities
Library
- Blumenthal Library0.1 mi
Coffee & Cafes
- Hank's Cafe0.5 mi
- Blue Bottle Coffee0.6 mi
POI data updated 7/19/2026
Los Angeles Market Snapshot
3,053
Active Listings
$757K
Median Price
60
Avg Days on Market
Last updated: Jun 4, 2026
Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
$1,750,000