1232 Devon
Los Angeles, CA 90024
Listing broker / agent: Lyon Stahl Investment Real Estate, Inc. · Cameron Samimi · 310-259-7556 · CRMLS
MLS # SB26227684 · Last checked Oct 21, 2026 07:48 UTC
About this property
Positioned in the heart of Westwood, 1232 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, 1232 Devon Ave offers both. Opportunities to acquire a corner-lot Westwood property with this combination of location, income, and ADU potential are exceptionally rare.
Property details
- MLS number
- SB26227684
- Status
- Active
- Type
- Residential Income
- Subtype
- Apartment
- Lot size
- 0.1185 acres
- Year built
- 1947
More property detailsCollapse
Listing
- Days on market
- 0
Building
- Year built
- 1947
- Year built source
- Assessor
- Building stories
- 2
- Entry level
- 1
Rooms & interior
- Laundry
- Inside
Exterior & parking
- Total parking spaces
- 0
- Garage spaces
- 0
- Pool
- None
- Lot features
- Two To Five Units Acre
- Lot size source
- Assessor
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Biking, Curbs, Dog Park, Golf, Park, Suburban
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Warner Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.5 mi |
| Fairburn Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.6 mi |
| El Rodeo Elementary Beverly Hills Unified · Beverly Hills | K–5 | 0.6 mi |
| Beverly Hills High Beverly Hills Unified · Beverly Hills | 9–12 | 0.9 mi |
| Emerson Community Charter (school website, opens in a new tab) Los Angeles Unified · Los Angeles | 6–8 | 1.0 mi |
| Westwood Charter Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 1.3 mi |
| Moreno High (Continuation) Beverly Hills Unified · Beverly Hills | 9–12 | 1.5 mi |
| Beverly Vista Middle Beverly Hills Unified · Beverly Hills | 6–8 | 1.8 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,675,000
- MLS-reported original asking price
- $1,650,000
- MLS-reported previous asking price
- $1,650,000
- MLS-reported last price change
- 2026-10-20 19:35 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 21, 2026 07:42 | $1,675,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Los Angeles
Active residential homes for sale in Los Angeles, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
558 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-21 08:59 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗