Samimi CRE Advisors
    Listings/1235 Devon Ave
    1235 Devon Ave - Photo 1
    multifamilyActive Listing

    1235 Devon Ave

    Los Angeles, CA 90024

    Valuation

    $1,675,000

    Key Specifications

    Total Units

    3

    multifamily

    Year Built

    1947

    Heritage Asset

    Interior

    3,195 SF

    $524 / SF

    Lot Area

    5,160 SF

    Unit Mix

    multifamily

    1x 1-Bed/1-Bath, 2x 2-Bed/1-Bath

    Investment Highlights

    Lowest price per square foot on the market in Westwood
    Strong ADU potential with three detached one-car garages via rear alley ideal for conversion
    Spacious, move-in ready units with washer/dryer hookups in larger 2-bedroom layouts
    Prime Westwood location just minutes from UCLA, Century City, and Westwood Village
    Well-maintained, low-maintenance corner-lot property with minimal deferred maintenance

    Property Overview

    Positioned in the heart of Westwood, 1235 Devon Ave presents a rare opportunity to acquire a premier Westside triplex offering immediate cash flow alongside substantial value-add upside. The property comprises three spacious units totaling approximately 3,195 square feet on a 5,160 square foot corner lot, configured with an attractive unit mix of two 2-bedroom/1-bathroom units and one 1-bedroom/1-bathroom unit, complete with a detached three-car garage. A central component of the investment thesis is the exceptional ADU development upside. Ownership has identified the potential to convert the existing detached rear garages into up to three additional units (two 1+1 ADUs and one 2+2 ADU, buyer to verify), allowing an investor to dramatically boost gross rental income and long-term asset value in one of Southern California's tightest rental markets. Ideally located near UCLA, Century City, Beverly Hills, and Westwood Village amenities, the property consistently benefits from powerful tenant demand and strong historical appreciation. Whether acquired for stable long-term cash flow, future ADU expansion, or as dedicated student housing for a parent with children attending UCLA, this asset offers a premier footprint in an irreplaceable location.