6-Unit Apartment Building with
For Sale
Contact for pricing
1259 Devon Ave, Los Angeles, CA 90024
Renovated residences feature modern kitchens, bathrooms, in-unit laundry, and central A/C and heat.
Property SizeContact for details
Days on Market142
Property Features for 1259 Devon Ave
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Cap Rate
5.36%
Multifamily Units
6
Amenities
in-unit washer/dryers
central A/C and heat
Listing Agency:
Marcus & Millichap - Los Angeles
(818) 943-2319
Listed By:
Michael Sterman · License #CA 01911703
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 4:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
This six-unit apartment property includes two brand-new, fully permitted ADUs. Five units have received extensive renovations with new kitchens, new bathrooms, and modern finishes. Those units also include in-unit washer/dryers and central A/C and heat.
The property is located at 1259 Devon Ave in West Los Angeles, just south of Wilshire Blvd and near the Wilshire Corridor. Beverly Hills, Century City, and UCLA are also nearby, and the surrounding neighborhood is described as highly walkable. The reported going-in cap rate is 5.36%.
The property is located at 1259 Devon Ave in West Los Angeles, just south of Wilshire Blvd and near the Wilshire Corridor. Beverly Hills, Century City, and UCLA are also nearby, and the surrounding neighborhood is described as highly walkable. The reported going-in cap rate is 5.36%.
Key Highlights
- Six‑unit apartment property with two brand‑new, fully permitted ADUs
- Five units extensively renovated with new kitchens, bathrooms, and modern finishes
- In‑unit washer/dryers plus central A/C and heat in the renovated units
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,724
Businesses Nearby
Explore this area
Business Placement
Demographics for 90024, CA
52,862
Population
20,304
Households
2.6
Avg Household Size
27
Median Age
74%
College-Educated
96%
High-School Grad
3.0 sq mi
ZIP Area
17,621
Density / Sq Mi
$79,994
Median Household Income
$16,453
Median Earnings
$2,666
Median Rent
$1,434,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated residences feature modern kitchens, bathrooms, in-unit laundry, and central A/C and heat.
Where is this apartment building located?
The property is located at 1259 Devon Ave Los Angeles, CA.
What are key features of this property?
This property features: Six‑unit apartment property with two brand‑new, fully permitted ADUs; Five units extensively renovated with new kitchens, bathrooms, and modern finishes; In‑unit washer/dryers plus central A/C and heat in the renovated units
