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1263 Devon Ave, Los Angeles, CA 90024
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1263 Devon Ave Los Angeles, CA 90024

$2,099,000
  • 2 Beds
  • 4 Baths
  • 2,419 Sq.Ft.
For Sale
$2,099,000 Get Pre-Qualified
Map preview of 1263 Devon Ave, Los Angeles, CA 90024

Property Overview: 1263 Devon Ave Los Angeles, CA has 2 bedrooms, 4 bathrooms, 2,419 living square feet and 5,402 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Fabulous 4-Plex on The Best Street in The Heart of Westwood's Most Prestigious Area-Great for an Owner/User or Investor-This 1939 Gem Features a Great Owners Unit with 2 Bedrooms and 1 Bathroom, Fireplace, and a 2 Car Garage- The Other 3 Units are Lovely Studios with a Fireplace, Kitchen, Bathroom and Washer/Dryer- Abundant Closet Space- There is Still Huge Upside in The Rental Income-2 Units Have Been Completely Updated- Tons of Other Building Renovations Including Plumbing, Electrical, Split A/C Units, Appliances, Hot Water Heaters, Exterior Upgrades, Landscaping and Garages. This 5,400sf Lot Offers an Opportunity to Develope the Property or Add an ADU. An irresplaceable Location in Close Proximity to The Westfield Century City Mall, UCLA Village/Campus, Beverly Hills and Tons of Amenities and Transportation-

Listed by Brad Kesner | BRE #00986769 | Wilshire Advisory Group, Inc
Last checked: 10 minutes ago | Last updated: April 8th, 2024 | Source CRMLS | DOM: 77
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Home details

Lot Sq. Ft
5,402
HOA Dues
$0/mo
Year built
1939
Garage
5 Car
Property Type:
Multi Family
Status
Active
MLS#
24356773
City
Los Angeles
County
Los Angeles
Time on Site
82 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,685
  • Total Rent: $2,685
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,475
  • Total Rent: $2,475
  • Pro Forma/Market Rent: $2,475
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,175
  • Total Rent: $2,175
  • Pro Forma/Market Rent: $2,475
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,019
  • Total Rent: $1,019
  • Pro Forma/Market Rent: $2,475
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.16%
  • Gross Rent Multiplier: 20.9
  • Gross Scheduled Income: --
  • Net Operating Income: $66,248
  • Gross Operating Income: $100,248
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1263 Devon Ave

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Property Details for 1263 Devon Ave

Interior Features
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Room Information
  • Flooring: Wood, Tile
Kitchen Information
  • Has Appliances
  • Refrigerator, Gas Cooktop
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Garage
Property Information
  • Total # of Units: 4
  • Parcel Number: 4327012024
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: just East of Beverly Glen/ just South of Wilshire Blvd.-
View more facts & features

Local Los Angeles Agent

Sale History for 1263 Devon Ave

Last sold for $1,750,000 on December 23rd, 2021

  • February, 2024

  • Feb 9, 2024

    Date

    Active

    CRMLS: 24356773

    $2,149,000

    Price

  • December, 2021

  • Dec 23, 2021

    Date

    Sold

    CRMLS: 21102179

    $1,750,000

    Price

  • Nov 4, 2021

    Date

    Active

    CRMLS: 21102179

    $1,785,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present 1263 Devon Avenue, a 4-unit turnkey property located in the heart of the prestigious Westwood neighborhood. Residing less than 0.5 miles from one of LA's top shopping hubs, Westfield Century City, this modern gem is conveniently located near UCLA, trendsetting restaurants, cafes, and retail shops. This property was constructed of wood frame and stucco on a raised foundation built in 1939 with a square footage of 2,419 on a 5,400-square foot lot, and is comprised of an excellent unit mix consisting of one (1) 2-bedroom + 1-bathroom unit, and three (3) studio units. Two (2) of the studios will be delivered vacant upon the close of escrow.

  • November, 2021

  • Nov 4, 2021

    Date

    Canceled

    CRMLS: 21796836

    $1,795,000

    Price

  • Oct 19, 2021

    Date

    Active

    CRMLS: 21796836

    $1,795,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present 1263 Devon Avenue, a 4-unit turnkey property located in the heart of the prestigious Westwood neighborhood. Residing less than 0.5 miles from one of LA's top shopping hubs, Westfield Century City, this modern gem is conveniently located near UCLA, trendsetting restaurants, cafes, and retail shops. This property was constructed of wood frame and stucco on a raised foundation built in 1939 with a square footage of 2,419 on a 5,400-square foot lot, and is comprised of an excellent unit mix consisting of one (1) 2-bedroom + 1-bathroom unit, and three (3) studio units. Two (2) of the studios will be delivered vacant upon the close of escrow.

  • September, 2021

  • Sep 24, 2021

    Date

    Withdrawn

    CRMLS: SR21188435

    $1,800,000

    Price

  • Sep 7, 2021

    Date

    Pending

    CRMLS: SR21188435

    $1,800,000

    Price

  • Sep 3, 2021

    Date

    Hold

    CRMLS: SR21188435

    $1,800,000

    Price

  • Aug 26, 2021

    Date

    Active

    CRMLS: SR21188435

    $1,800,000

    Price

  • Listing provided courtesy of CRMLS

    LOCATION! LOCATION! LOCATION! Ultra charming, traditional fourplex located on one of Westwood's most desirable streets. Apartments are loaded with character. Three of the units have a private garage. Close to UCLA, Century City, Los Angeles Country Club, public transportation, shopping restaurants, and everything else you can possibly imagine! DO NOT ENTER ON PROPERTY OR DISTURB TENANTS.

  • December, 2018

  • Dec 20, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1263 Devon Ave

Assessed Value (2020): $137,142
Year Land Value Improved Value Assessed Value
2020 $97,934 $39,208 $137,142

Home Value Compared to the Market

This property vs the competition

1263 Devon Ave is listed 71.35% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $867.71 per/sqft which puts the price per square foot 12.11% higher than the median price per square foot for the city of Los Angeles.

About 1263 Devon Ave

Detailed summary of property

1263 Devon Ave is a multi family located in Los Angeles, CA 90024 and is currently for sale. This multi family property offers 2 bedrooms, 4 bathrooms, roughly 2,419 living square feet, and sits on an approximately 5,402 square foot lot. 1263 Devon Ave was first listed on ArdentRealEstateGroup.com on February 9, 2024. The homeowner is currently asking $2,099,000 and was originally asking $2,149,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 71.35% higher than the median priced home. Local competing homes currently for sale include 8607 Airdrome St, 1647 S Holt Ave and 3709 S Bentley Ave. While the average home in Los Angeles, CA is selling in 96 days, 1263 Devon Ave has a days on market of 77 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1263 Devon Ave Los Angeles, CA 90024 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1263 Devon Ave

Public county record property details
Beds
2
Baths
4
Year built
1939
Sq. Ft.
2,419
Lot Size
5,400
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
26
APN
4327-012-024

The source for these homes facts are from public records.

90024 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,495,000
Median List Price/Sq.Ft.
$843
Median Sold Price
$1,900,000
Median Sold Price/Sq.Ft.
$897
Total Inventory
159
Median Sale to List Price %
102.7%
Avg Days on Market
49
Loan Type
Conventional (8.33%), FHA (0%), VA (0%), Cash (12.5%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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