1259 Devon Ave is a fully renovated 6-unit investment property located just south of Wilshire Blvd in one of West Los Angeles’ most desirable neighborhoods. Surrounded by multi-million dollar homes and positioned near the prestigious Wilshire Corridor, this turnkey asset offers an impressive 5.22% going-in cap rate—rare for such a prime location.

The property features five extensively renovated units, each with brand new kitchens and bathrooms, modern finishes, in-unit washer/dryers, and central A/C and heat. These upgrades enhance tenant appeal and reduce future maintenance costs. Additionally, two brand-new, fully permitted ADUs have been added, significantly increasing the income potential and long-term value of the asset.

Tenants enjoy condo-quality living in a highly walkable neighborhood near Beverly Hills, Century City, and UCLA. With high demand and limited rental inventory in the area, 1259 Devon Ave presents a rare opportunity to acquire a stabilized, high-yield asset with strong fundamentals.

Whether you're looking for steady cash flow, long-term appreciation, or a strategic foothold in a blue-chip location, this property checks every box. It's ideal for both new and experienced investors seeking a low-maintenance building in one of Los Angeles’ strongest rental submarkets.

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Turnkey 6 Unit Property in Highly Coveted Wilshire Corridor Location

Attractive 5.22% Going in Cap Rate

Brand New Kitchens and Bathrooms in 5 of 6 Units

Just South of Wilshire Blvd Surrounded by Multi Million Dollar Homes

Extensively Renovated Units Along with 2 Brand New ADUs

Central A/C and Heat Along with In Unit Washer/Dryers in 5 out of 6 Units

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