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Back 1301 Devon Avenue
Off Market

1301 Devon Avenue

Los Angeles CA 90024

4
6
6
4786 sq. ft.
5777 sq. ft.
Other
Last sold for $2,615,000
Oron MaherOron Maher, last sold this property on 18 June 2025 after 69 days on market.

Overview

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.

Features

4 bedrooms
6 bathrooms
6 carspaces
6 garage spaces
4786 sq. ft. floor area
5777 sq. ft. lot size
Other

Estimated Value

We need at least 3 similar 4 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 1301 Devon Avenue

2026
Rented
Undisclosed
02 Feb 2026 by Sotheby's International Realty
2025
Sold
$2,615,000
18 Jun 2025 by Oron Maher, of Maher Commercial Realty

Happy sellers in Los Angeles

85%
85% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Los Angeles over the last 12 months.

Local market activity for 4 bedroom other properties in Los Angeles

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