Listed by Cameron Samimi, Lyon Stahl Investment Real Estate, Inc., (310) 425-9838
$1,750,000
5 Beds
3 Baths
3,195 sqft
1231 Devon Ave, Los Angeles, CA 90024
Est. Mortgage $10,765/mo*
Get Pre-QualifiedHome Highlights
Property Type
Multi-Family
Year Built
1947
Price/Sqft
$548
Parking
Garage
HOA
None
Local Information
- Map ViewExplore the area around 1231 Devon Ave.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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.
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.
Home Details for 1231 Devon Ave
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Interior Details Number of Rooms: 1Types of Rooms: Other |
Beds & Baths Number of Bedrooms: 5Number of Bathrooms: 3 |
Appliances & Utilities Appliances: Gas Cooktop, Gas Oven, Gas RangeLaundry: See Remarks |
Heating & Cooling Has CoolingAir Conditioning: See Remarks |
Fireplace & Spa Fireplace: See RemarksHas a Fireplace |
Windows, Doors, Floors & Walls Common Walls: 1 Common Wall |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: 1 |
View Has a View |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 3Number of Covered Spaces: 3Has a GarageNo Attached GarageParking Spaces: 3Parking: Garage,Garage Faces Rear |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 40Days on Market: 86 |
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Year Built Year Built: 1947 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Triplex |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 4327012001 |
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Price List Price: $1,750,000Price Per Sqft: $548 |
Status Change & Dates Off Market Date: Tue Jul 14 2026 |
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MLS Status: Active |
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Direction & Address City: Los Angeles |
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Listing Agent Listing ID: SB26121365 |
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Building Area Building Area: 3195 Square Feet |
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Community Features: Biking, Golf, Hiking, Park, SuburbanNot Senior Community |
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Association for this Listing: California Regional MLSHOA Fee: No HOA Fee |
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Lot Area: 5160 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, VA Loan |
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Has Rent Control |
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Mls Number: SB26121365Living Area Range Units: Square FeetAttribution Contact: 310-259-7556Activation Date: Thu Jun 04 2026Back On Market Date: Fri Jul 17 2026Common Interest: Community ApartmentStart Showing Date: Thu Jun 04 2026Universal Property Id: US-06037-N-4327012001-R-N |
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BikingGolfHikingParkSuburbanSource Internet Entire Listing Display |
Around this home
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Westwood
At least 322 Trulia users voted on each feature.
89 % Say there are sidewalks
88 % Say it's dog friendly
77 % Say it's walkable to restaurants
75 % Say it's walkable to grocery stores
73 % Say people would walk alone at night
66 % Say streets are well-lit
66 % Say car is needed
52 % Say parking is easy
50 % Say there's holiday spirit
49 % Say it's quiet
47 % Say yards are well-kept
46 % Say they plan to stay for at least 5 years
46 % Say neighbors are friendly
30 % Say kids play outside
22 % Say there's wildlife
18 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Westwood
Last updated July 2026
Avg. sale price
$1.24M
$178KMoM
Sale-to-List Price
97.8%
0.2%MoM
Price per sq ft
$722
$36MoM
Available listings
206
27MoM
Home Value
Trulia Estimate
$1.67MSince last month
Decreased$18K (-1.1%)Since last year
Decreased$263K (-13.6%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value decreased by -29% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $1.67M |
| July 2026 | $1.68M |
| June 2026 | $1.72M |
| May 2026 | $1.8M |
| April 2026 | $1.84M |
| March 2026 | $1.85M |
| February 2026 | $1.82M |
| January 2026 | $1.84M |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.03 | Multi-Family Home | $1,995,000 | 12/23/25 | 4 | 4 | 3,005 | |
0.04 | Multi-Family Home | $2,097,200 | 02/23/26 | 7 | 6 | 3,151 | |
0.12 | Multi-Family Home | $2,741,802 | 05/06/26 | 6 | 7 | 5,428 | |
0.11 | Multi-Family Home | $2,717,006 | 05/05/26 | 6 | 7 | 5,529 | |
0.17 | Multi-Family Home | $2,793,600 | 02/10/26 | 7 | 8 | 6,789 | |
0.72 | Multi-Family Home | $2,630,000 | 03/25/26 | 6 | 4 | 3,460 | |
0.73 | Multi-Family Home | $1,895,000 | 06/24/26 | 6 | 3 | 2,733 | |
0.03 | Multi-Family Home | $3,625,000 | 07/09/26 | 11 | 11 | 7,274 | |
0.64 | Multi-Family Home | $2,138,860 | 06/04/26 | 6 | 4 | 4,095 | |
0.86 | Multi-Family Home | $1,900,000 | 07/09/26 | 5 | 5 | 3,062 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.03 | $1,995,000 | 4 | 4 | 3,005 | Recently Sold | |
0.03 | $1,850,000 | 4 | 4 | 3,064 | For Sale | |
0.01 | $2,026,300 | 5 | 3 | 3,195 | Off Market | |
0.04 | $2,097,200 | 7 | 6 | 3,151 | Recently Sold | |
0.05 | $787,500 | 2 | 2 | 1,318 | Recently Sold | |
0.05 | $775,000 | 2 | 2 | 1,285 | Recently Sold | |
0.03 | $3,625,000 | 11 | 11 | 7,274 | Recently Sold | |
0.07 | $995,000 | 2 | 2 | 1,800 | For Sale | |
0.07 | $1,149,000 | 2 | 2 | 1,800 | For Sale | |
0.07 | $1,087,000 | 2 | 2 | 1,859 | Recently Sold | |
0.07 | $4,046,800 | 3 | 3.5 | 3,190 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jun 4, 2026 Source: CRMLS #SB26121365 | Listed For Sale | $1,750,000 |
Oct 12, 2025 Source: CLAW #25556343 | ListingRemoved | $1,948,000 |
Sep 12, 2025 Source: CLAW #25556343 | PriceChange | $1,948,000 Price decreased by 3% |
Jun 24, 2025 Source: CLAW #25556343 | Listed For Sale | $1,998,000 |
Apr 23, 2025 Source: CLAW #25515603 | ListingRemoved | $1,995,000 |
Mar 24, 2025 Source: CLAW #25515603 | Listed For Sale | $1,995,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2026 | Unavailable | $2,187,900 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.
Agent Phone: (310) 259-7556
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-08-31 16:18:30 PDT 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 broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-08-31 16:18:30 PDT 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 broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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Frequently asked questions about 1231 Devon Ave
- What is the estimated monthly payment for 1231 Devon Ave?Based on a $1,750,000 list price with 20% down at today's rates, the estimated monthly payment for 1231 Devon Ave in Los Angeles, CA is approximately $10,962 (about $9,166 principal & interest, $1,721 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 1231 Devon Ave compare to homes in Los Angeles?1231 Devon Ave in Los Angeles, CA is listed at $1,750,000, about 41% above the $1.24M median sale price in Los Angeles.
- What do residents say about the Westwood neighborhood?Residents describe the Westwood neighborhood in Los Angeles, CA as pedestrian-friendly, dog-friendly, and walkable to restaurants. See homes for sale in Westwood, Los Angeles.
- What are the closest schools to 1231 Devon Ave?The closest schools to 1231 Devon Ave in Los Angeles, CA are Emerson Community Charter School (Middle, rated 7/10), Fairburn Avenue Elementary School (rated 8/10), University Senior High School Charter (rated 6/10).
- Does 1231 Devon Ave have air conditioning?Yes, 1231 Devon Ave in Los Angeles, CA has air conditioning.
- Does 1231 Devon Ave have laundry facilities?Yes, 1231 Devon Ave in Los Angeles, CA has laundry facilities.