1259 Devon, Los Angeles, CA 90024

Welcome to 1259 Devon Ave 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 6.5% cap rate rare for such a prime location. The property features 6 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. 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 market.