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Listed by Cameron Samimi, DRE #02035763 • Lyon Stahl Investment Real Estate, Inc.
$1,750,000
Est. payment /mo
5,160 Sqft Lot
Active
1231 Devon AVE Los Angeles, CA 90024
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26121365
Year Built 1947
Lot Size 5,160 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
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? Loc
Location
State CA
County Los Angeles
Area C05 - Westwood - Century City
Rooms
Kitchen Other, Oven Range - Gas, Oven - Gas
Interior
Cooling Other
Exterior
Parking Features Garage
Garage Spaces 3.0
Pool None
View Other
Building
Water District - Public
Others
Tax ID 4327012001
Special Listing Condition Not Applicable
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