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 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.
For sale
Listed by: Lyon Stahl Investment Real Estate, Inc. • Cameron Samimi • 310-259-7556
$1,675,000
1235 Devon Ave, Los Angeles, CA 90024
5beds
3baths
5,160sqft
Multi Family
Built in 1947
-- sqft lot
$1,643,700 Zestimate®
$325/sqft
$-- HOA
What's special
- 123 days
- 635
- 52
Zillow last checked:
Listing updated:
Listed by:
Cameron Samimi DRE #02035763 310-259-7556,
Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS,MLS#: SB26227684
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Appliances
- Laundry: Inside
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 5,160
- Total interior livable area: 5,160 sqft
Property
Features
- Entry location: Front
- Pool features: None
Lot
- Size: 5,160 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 4327012001
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Curbs, Dog Park, Golf, Park, Suburban
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $325/sqft
- Date on market: 10/21/2026
- Cumulative days on market: 123 days
- Listing terms: Cash,Conventional,1031 Exchange
Estimated market value
$1,643,700
$1.41M - $1.92M
$3,572/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/21/2026 | Listed for sale | $1,675,000$325/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment







