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?
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, 1231 Devon Ave offers both. Opportunities to acquire a corner-lot Westwood property with this combination of location, income, and ADU potential are exceptionally rare.
Listed by Cameron Samimi
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License #02035763
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Lyon Stahl Investment Real Estate, Inc.
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310-259-7556
Last updated June 11, 2026
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Source: CRMLS #SB26121365
Listing Facts
TypeMulti-family
NeighborhoodWestwood
Days on Prevu12
Amenities
Parking
Location
Mortgage Calculator
Listing History
06/04/2026
Listed by Lyon Stahl Investment Real Estate, Inc.
$1,750,000
Property Details for 1231 Devon Avenue
Association
Amenities
Community Features: Biking, Golf, Hiking, Park, Suburban
Exterior
Construction
Number Of Units Total: 3
Property Attached: Yes
Stories: 2
Stories Total: 2
Year Built: 1947
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: 1
Measurements
Building Area Total: 3,195
Building Area Units: Square Feet
Lot Features: 0-1 Unit/Acre
Lot Size Acres: 0.11
Lot Size Area: 5,160
Lot Size Source: Assessor
Lot Size Square Feet: 5,160
Lot Size Units: Square Feet
Financial
Residential Income
Gross Income: $84,780.00
Operating Expense: $30,369.00
Taxes
Parcel Number: 4327012001
Interior
Features
Appliances: Gas Cooktop, Gas Oven, Gas Range
Fireplace Features: See Remarks
Fireplace: Yes
Other
Location
Tax Block: 16
Tax Lot: 4
Parking
Parking
Garage Spaces: 3
Garage: Yes
Parking Features: Garage, Garage Faces Rear
Parking Total: 3
Utilities
Equipment
Cooling: See Remarks
Has Cooling: Yes
Laundry Features: See Remarks
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 1231 Devon Avenue.
Does this multi-family home have parking?
Yes, there are 3 parking spaces available for 1231 Devon Avenue.
How does 1231 Devon Avenue compare to other multi-family homes in Westwood?
This multi-family home is listed 65% below the average price for multi-family homes in Westwood and has been on the market for 90 less days than the typical home in this area.
1231 Devon Avenue is a -bedroom multi-family home for sale in Los Angeles CA 90024. Listed on Prevu for 12 days at $1,750,000. This residence is located in Westwood. The median listing price for multi-family homes in this area is $1,822,500. Additional amenities include parking. Browse more multi-family home listings in Los Angeles.
Based on information from California Regional Multiple Listing Service, Inc. 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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.