$1,675,000
+$25,100 cash back1232 Devon Ave, Los Angeles, CA 90024
Listed by Cameron Samimi, DRE #02035763, Lyon Stahl Investment Real Estate, Inc.
0
Beds
0
Baths
β
Sqft
5,160
Lot sqft
Property Highlights
Listing Provided Agent
- β’ Name: Cameron Samimi
- β’ DRE: 02035763
- β’ Email: cameron@lyonstahl.com
- β’ Phone: -
Listing Provided Office
- β’ Name: Lyon Stahl Investment Real Estate, Inc.
- β’ Email: -
- β’ Phone: 310-425-9838
Source
Description
Positioned in the heart of Westwood, 1232 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? 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, 1232 Devon Ave offers both. Opportunities to acquire a corner-lot Westwood property with this combination of location, income, and ADU potential are exceptionally rare.
Home Details
Interior
Appliances
- Laundry: Inside
Exterior
Parking & Lot
- Garage Spaces: 0
- Lot Size: 5,160 sqft
Utilities & Community
Utilities
- Water Source: Public, 5 separate electric meters, 5 separate gas meters, 5 separate water meters
- Sewer: Public Sewer
Community
- Biking, Curbs, Dog Park, Golf, Park, Suburban
Local Information
Home Buying Journey
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Pinkmelon, Inc. is a licensed real estate broker and operates as a team of real estate agents, complying with all equal housing opportunity laws. All information presented herein is collected from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No guarantee is made as to the accuracy of any description. All measurements and square footage are approximate. This information is provided for general informational purposes only and should not be interpreted as legal, tax, or other professional advice outside the scope of real estate brokerage. This is not intended to solicit listings from other brokers.