1263 Devon Ave Westwood, CA 90024
Sale
$2,099,000
4 Units
2 Beds
4 Baths
2,419 Area(sq.ft.)
5,402 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | studio | 1 | No | $ 2,475 | $ 2,475 | $ 2,475 |
| Unit 2 | 1 | studio | 1 | No | $ 2,175 | $ 2,175 | $ 2,475 |
| Unit 3 | 1 | studio | 1 | No | $ 1,019 | $ 1,019 | $ 2,475 |
| Unit 4 | 1 | 2 | 1 | No | $ 2,685 | $ 2,685 | $ 3,600 |
| 4 | 4 | 2 | 4 | $ 8,354 | $ 8,354 | $ 11,025 |
| MLS #: | 24-356773 |
| Days On Market: | 59 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 868 |
| Price per unit: | $ 524,750 |
| Year Built: | 1939 |
Property Details
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-Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 100,248 |
| Total Annual Expense: | $ 34,000 |
| Net Operating Income: | $ 66,248 |
| Gross Annual Income: | $ 100,248 |
| Cap Rate: | 3.16% |
| Gross Rent Multiplier: | 20.90 |
Structure
| Type of Units: | Apartments |
| Buildings: | 2 |
| Levels: | One |
| Style: | Traditional |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | Detached, Garage |
Interior
| Cooking Appliances: | Cooktop - Gas |
| AC/Cooling: | Air Conditioning |
| Equipment: | Dryer, Washer, Range/Oven, Refrigerator |
| Heating: | Other |
| Laundry: | In Unit |
Exterior
Detailed Map
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Income
