Seller's Agent in 2026
Jordan Wang
Keller Williams Realty Irvine
(949) 550-8885
1 in this area
149 Total Sales
1259 Devon Ave Los Angeles, CA 90024
Westwood Neighborhood
7
Beds
6
Baths
3,151
Sq Ft
5,401
Sq Ft Lot
Highlights
- Atrium Room
- Lawn
- Park
- Fairburn Avenue Elementary School Rated A
- Fireplace
- Laundry Room
About This Home
As of February 2026Welcome 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.
Last Agent to Sell the Property
Keller Williams Realty Irvine Brokerage Phone: 9495508885 License #01993587 Listed on: 01/16/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1939
Lot Details
- 5,402 Sq Ft Lot
- Two or More Common Walls
- Lawn
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 3,151 Sq Ft Home
- 1-Story Property
- Fireplace
- Atrium Room
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Utilities
- Central Heating and Cooling System
- Wall Furnace
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 27 / 16
- Tax Tract Number 6193
- Assessor Parcel Number 4327012025
- $469 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 6 Units
Recreation
- Park
Building Details
- 6 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $51,085
- Gross Income $185,015
- Net Operating Income $185,015
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 16, 2026
Closed on
Feb 19, 2026
Sold by
Devonshire Properties I Llc
Bought by
West March Llc
Seller's Agent
Jordan Wang
Keller Williams Realty Irvine
Buyer's Agent
Geoff Jaime
GT Investments
List Price
$2,395,000
Sold Price
$2,097,200
Premium/Discount to List
-$297,800
-12.43%
Views
24
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.88%
Purchase Details
Closed on
May 20, 2022
Sold by
Gene And Donna Lew Trust
Bought by
Devonshire Properties I Llc
Purchase Details
Closed on
Dec 5, 2015
Sold by
Lew Gene L
Bought by
Gene & Donna Lew Trust 2015
Purchase Details
Listed on
Oct 12, 2012
Closed on
Jan 15, 2013
Sold by
The Devon Avenue Iii Llc
Bought by
Lew Gene L and Lew Donna W
Seller's Agent
Jonathan Taksa
Remax Commercial and Investment Realty
Buyer's Agent
Bruce Mosk
List Price
$1,275,000
Sold Price
$1,188,100
Premium/Discount to List
-$86,900
-6.82%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.68%
Original Mortgage
$801,950
Interest Rate
3.29%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 1, 1997
Sold by
Monkarsh Eugene
Bought by
The Devon Avenue Iii Llc
Purchase Details
Closed on
May 22, 1997
Sold by
Constantine Louis P
Bought by
Monkarsh Eugene and Monkarsh Jason
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
8.08%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,097,500 | California Best Title Company | |
| Grant Deed | $2,097,500 | California Best Title Company | |
| Grant Deed | $1,897,000 | Chicago Title | |
| Grant Deed | $1,897,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | Fidelity National Title Co | |
| Grant Deed | -- | Fidelity National Title Co | |
| Grant Deed | -- | Provident Title | |
| Grant Deed | -- | Provident Title | |
| Grant Deed | $433,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $433,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $801,950 | New Conventional | |
| Previous Owner | $145,000 | No Value Available | |
| Closed | $0 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/23/2026 02/23/26 | Sold | $2,097,200 | -12.4% | $666 / Sq Ft | |
| 02/05/2026 02/05/26 | Pending | -- | -- | -- | |
| 01/16/2026 01/16/26 | For Sale | $2,395,000 | 0.0% | $760 / Sq Ft | |
| 03/05/2025 03/05/25 | Off Market | $2,245 | -- | -- | |
| 01/23/2025 01/23/25 | For Rent | $2,245 | 0.0% | -- | |
| 04/19/2024 04/19/24 | Price Changed | $2,245 | -3.4% | $6 / Sq Ft | |
| 02/14/2024 02/14/24 | Price Changed | $2,325 | +3.6% | $6 / Sq Ft | |
| 02/13/2024 02/13/24 | For Rent | $2,245 | 0.0% | -- | |
| 02/13/2013 02/13/13 | Sold | $1,188,100 | -6.8% | $495 / Sq Ft | View Prior Sale |
| 11/12/2012 11/12/12 | Pending | -- | -- | -- | |
| 10/12/2012 10/12/12 | For Sale | $1,275,000 | -- | $531 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $24,143 | $2,013,110 | $1,379,570 | $633,540 |
| 2024 | $24,143 | $1,973,638 | $1,352,520 | $621,118 |
| 2023 | $23,677 | $1,934,940 | $1,326,000 | $608,940 |
| 2022 | $16,535 | $1,378,549 | $1,044,358 | $334,191 |
| 2021 | $16,330 | $1,351,520 | $1,023,881 | $327,639 |
| 2019 | $15,844 | $1,311,435 | $993,513 | $317,922 |
| 2018 | $15,739 | $1,285,722 | $974,033 | $311,689 |
| 2016 | $15,055 | $1,235,798 | $936,211 | $299,587 |
| 2015 | $14,835 | $1,217,236 | $922,149 | $295,087 |
| 2014 | $14,901 | $1,193,393 | $904,086 | $289,307 |
Source: Public Records
Agents Affiliated with this Home
-
Jordan Wang
-
Hyung Kang
H
Seller Co-Listing Agent in 2026
Hyung Kang
Keller Williams Realty Irvine
(562) 261-0900
1 in this area
32 Total Sales
-
Geoff Jaime
Buyer's Agent in 2026
Geoff Jaime
GT Investments
(310) 704-6677
1 in this area
19 Total Sales
-
Jonathan Taksa
Seller's Agent in 2013
Jonathan Taksa
RE/MAX
(424) 672-8220
4 in this area
83 Total Sales
-
B
Buyer's Agent in 2013
Bruce Mosk
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26006119
APN: 4327-012-025
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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