1301 Devon Avenue

Los Angeles, CA 90024

  • 4 Bed(s)
  • 0 Bath(s)
  • 4,786 Sqft
  • 5777
    Sqft(Lot)
$2,695,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49297901

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Property Details

  • Bedroom Information

    • Total Bedrooms : 4

    Bathroom Information

    • Total Baths: 6
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Refrigerator

  • Building Information

    • Year Built: 1940
    • Building Area Total: 4,786

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1326
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 5777

  • Listing Price Information

    • Original List Price: 2,695,000
    • Listing Contract Date: 2025-04-09

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 4327012017

  • Garage and Parking

    • Garage Description: Door-Multi,Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C05 - Westwood - Century City
    • Directions: West on Wilshire Blvd, South on S. Beverly Glen Blvd, East on Devon Avenue
    • Zoning: [Q]RD1.5-1XL
    • Source Property Type: Residential Income
    • Area: C05 - Westwood - Century City

    Building and Construction

    • Property Age: 85
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 4786
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 04/21/2025 @ 07:51

  • MLS: 25523143
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 4 bedrooms which is for sale, it has 4,786 sqft, 5,777 sized lot, and 6 parking. are nearby neighborhoods.