CA > Los Angeles
Los Angeles, CA 90024,1301 Devon Ave
Los Angeles, CA 90024,1301 Devon Ave
Los Angeles, CA 90024,1301 Devon Ave
10
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$2,695,000
Est. payment /mo
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4 Beds
6 Baths
4,786 SqFt
New

1301 Devon Ave Los Angeles, CA 90024

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Joshua Shorter

Joshua Shorter

+1(702) 728-0089

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,786 sqft

Price per Sqft $563

MLS Listing ID 25523143

Bedrooms 4

Year Built 1940

Lot Size 5,777 Sqft

Acres 0.1326

Property Sub-Type Multi-Family

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 Westwood - Century City

Zoning [Q]RD1.5-1XL

Rooms

Other Rooms None

Dining Room 1

Interior

Heating Other

Cooling Other

Equipment Refrigerator, Range/Oven

Exterior

Parking Features Garage - 2 Car, Garage Is Detached

Garage Spaces 6.0

Building

Lot Description Corners Established, Curbs, Sidewalks, Street Paved

Story 2

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Maher Commercial Realty

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agent

Joshua Shorter

RE.S.0191694

+1(702) 728-0089

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1301 Devon Ave