1301 Devon Ave

Los Angeles, CA 90024

$2,615,000
Last Sold Price
4
Beds
6
Baths
4,786 Sq. Ft.
$546 / Sq. Ft.
4,786
Sq. Ft.
$546
per Sq. Ft.
Sold 6/18/25
Sold 6/18/25

Description

Located in the prestigious Comstock Hills enclave of Westwood, 1301 Devon Avenue offers a rare opportunity to acquire a multifamily asset in one of West Los Angeles' most stable and sought-after neighborhoods. Surrounded by multi-million-dollar single-family homes and tucked away on a quiet, tree-lined street, this six-unit apartment building blends timeless architectural charm with significant financial upside. Built in 1940, the building spans approximately 4,786 square feet on a 5,777 square foot...Located in the prestigious Comstock Hills enclave of Westwood, 1301 Devon Avenue offers a rare opportunity to acquire a multifamily asset in one of West Los Angeles' most stable and sought-after neighborhoods. Surrounded by multi-million-dollar single-family homes and tucked away on a quiet, tree-lined street, this six-unit apartment building blends timeless architectural charm with significant financial upside. Built in 1940, the building spans approximately 4,786 square feet on a 5,777 square foot lot and is zoned [Q]RD1.5-1XL TOC Tier 2. The unit mix consists of four large one-bedroom units with formal dining rooms and two studios, with one unit currently vacant offering immediate leasing potential or the opportunity for owner-occupancy. There are also three 2-car garages accessible from the alley creating the opportunity for ADU conversion. Importantly, the current rental income is well below market, presenting a substantial value-add opportunity: pro forma rents suggest the potential for a 66% increase in monthly income through strategic unit renovations and lease-ups. Less than a mile from UCLA, Westfield Century City, and The Los Angeles Country Club, and with easy access to the 405 freeway, the location is a long-term renter magnet. Just 1.5 miles from Holmby Park, 2 miles from Westwood Village, and a short 1.2-mile drive to the City of Beverly Hills, this prime spot offers unbeatable convenience and accessibility. Whether you're an investor targeting upside through repositioning or a buyer seeking a foothold in one of LA's most desirable zip codes, 1301 Devon Avenue delivers on both present-day performance and future potential.
  1. Listed by Oron Maher • DRE #01299093 • Brokerage DRE #01299093 • Maher Commercial Realty
  2. Listed by Gregg Elliott • DRE #00705627 • Brokerage DRE #00705627 • The Elliott Company

Property Details for 1301 Devon Avenue

Zoning
[Q]RD1.5-1XL
Cross Streets
Devon Ave & South Beverly Glen Blvd.
Parcel Number
4327012017
Total Units
6.0
Living Area
4786
Source Living Area
Other
Area
Westwood - Century City (C05)
Vacancy Rate
1 Unit
LISTING UPDATED: 06/23/2025 10:06 AM

Property Details for 1301 Devon Avenue

StatusSold
MLS #25523143
Days on Market48
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size0.13 AC / 5,777 SF
CountyLos Angeles County

Location

Listing Courtesy of Maher Commercial Realty, Oron Maher, DRE #01299093; The Elliott Company, Gregg Elliott, DRE #00705627

Sold By Maher Commercial Realty, Oron Maher, DRE #01299093

Add your commute

Building Information for 1301 Devon Avenue

Stories2Residences-Year Built1940Building Size-Lot Size0.13 AC / 5,777 SF

Payment Calculator

$13,902 per month

30 year fixed, 6.15% Interest

Principal and Interest

$12,745

Property Taxes

$1,157

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1301 Devon Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Studio/1Bed
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $168,008
  • Net Operating Income: $116,678.00
  • Gross Income: $168,008
  • Cap Rate: 6.70%
  • Gross Rent Multiplier: $16.00
  • Total Annual Expense: 51330
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1326
  • Lot Size Square Feet: 5777
  • Lot Features: Corners Marked
  • Lot Description: Corners Established, Curbs, Sidewalks, Street Paved
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car, Garage Is Detached
  • Total Parking: 6
  • Garage Spaces Total: 6
  • Parking Features: Garage - Two Door
  • Attached Garage: No
Interior Features
Interior Features
  • Rooms: Dining Room
  • Levels: One
  • Den: No
  • Family Room: 0
  • Dining Room: 1
  • Cooling: Other
  • Cooling Type: Other
  • Heating: Other
  • Heating Type: Other
  • Equipment: Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-09-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,357.00
  • Unit Actual Rent: $2,357.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,144.00
  • Unit Actual Rent: $2,144.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,306.00
  • Unit Actual Rent: $1,306.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,678.00
  • Unit Actual Rent: $2,678.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,201.00
  • Unit Actual Rent: $2,201.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $346,564.00
  • Assessed Improvement Percent: 32.86
  • Assessed Land Value: $708,209.00
  • Assessed Land Percent: 67.14
  • Assessed Total Value: $1,054,773.00

Property History for 1301 Devon Avenue

DateEvent & SourcePriceAppreciation
Jun 18, 2025

Sold

CRMLS #25523143

$2,615,000—
Jun 18, 2025

Sold

CLAW #25523143

$2,615,000—
Jun 13, 2025

Sold (Public Record)

Public Record #1902051523

$2,615,000—
May 27, 2025

Pending

CLAW #25523143

—
Apr 9, 2025

Listed (Active)

CRMLS #25523143

$2,695,000—
Apr 9, 2025

Listed (Active)

CLAW #25523143

$2,695,000—
DateEvent & SourcePrice
06/18/2025

Sold

CRMLS #25523143

$2,615,000
06/18/2025

Sold

CLAW #25523143

$2,615,000
06/13/2025

Sold (Public Record)

Public Record #1902051523

$2,615,000
05/27/2025

Pending

CLAW #25523143

—
04/09/2025

Listed (Active)

CRMLS #25523143

$2,695,000
04/09/2025

Listed (Active)

CLAW #25523143

$2,695,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1301 Devon Avenue

Taxable ValueLand$722,373Additions$353,495Total$1,075,868
Tax Record2025$13,887 ($1,157 / month)
Home Facts
Total Finished SqFt4,726 SqFtAbove Grade Finished SqFt4,726 SqFtLot Size5,776 SqFtStyleMulti-Family Res (5+ Units)Year Built1940ZoningLARD1.5CountyLOS ANGELESAPN4327-012-017

Schools near 1301 Devon Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Fairburn Avenue Elementary School
Public - K to 5
Emerson Community Charter School
Charter - 6 to 8
University Senior High School Charter
Charter - 9 to 12
Community Magnet Charter Elementary School
Charter - K to 5
Rating
School
Distance
Fairburn Avenue Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

University Senior High School Charter
Charter9 to 12

Community Magnet Charter Elementary School
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Maher Commercial Realty, Oron Maher, DRE #01299093; The Elliott Company, Gregg Elliott, DRE #00705627

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.