CA > Los Angeles
Los Angeles, CA 90024,1301 Devon AVE
Los Angeles, CA 90024,1301 Devon AVE
Los Angeles, CA 90024,1301 Devon AVE
Los Angeles, CA 90024,1301 Devon AVE
Los Angeles, CA 90024,1301 Devon AVE
Los Angeles, CA 90024,1301 Devon AVE
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John Dandoy

John Dandoy

+1(909) 224-1278
$ 2,695,000
Est. payment | /mo

4 Beds

6 Baths

4,786 SqFt

Save
$ 2,695,000
Est. payment | /mo
Save

4 Beds

6 Baths

4,786 SqFt

Key Details

Property 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

HOA Y/N No

Year Built 1940

Lot Size 5,776 Sqft

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

Attached Garage No

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

California Regional MLS (CRMLS)
Listed by Oron Maher • Maher Commercial Realty
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 224-1278

jrdandoy@gmail.com

101 N Indian Hill Blvd STE C1-208, Claremont, California, 91711, United States

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1301 Devon AVE