Property listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi 310-259-7556
$1,675,000
Positioned in the heart of Westwood, 1235 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… Read More 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 you're looking for stable income today or a value-add opportunity with substantial upside through future ADU development, 1235 Devon Ave offers both.
Opportunities to acquire a corner-lot Westwood property with this combination of location, income, and ADU potential are exceptionally rare. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Apartment
Lot Size
0.12 Acres
Year Built
1947
MLS Number
SB26227684
Additional Details
Building
Built in 1947, 1 building, 2 stories, Entry level: 1, Entry location: Front
Community
Biking, Curbs, DogPark, Golf, Park, Suburban
Expenses
Insurance: $3,994, Operating: $29,431, Water/Sewer: $3,000, Other Expense: $1,500
Income
Gross Income: $84,780, Gross ScheduledIncome: $84,780, Net Operating Income: $55,349
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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