




$2,695,000
Est. $15,092/mo507 Veteran Avenue, Los Angeles, CA 90024
About this home
Prime Westwood Development Opportunity – Exceptional Value-Add and Redevelopment Potential. Located in one of Los Angeles’ most sought after neighborhoods near UCLA and Westwood Village, this 3 bedroom, 2 bath 1930s property presents a rare opportunity for developers, investors, and builders to reposition, expand, or redevelop. Surrounded by high value properties and strong resale demand, the property offers an ideal canvas for redevelopment or major renovation. Existing structure features multiple living areas, vaulted wood-beam ceilings, fireplaces, and original architectural details, providing optional restoration value or redevelopment flexibility. The lot features a multi-level backyard with usable space and excellent potential for expansion, reconfiguration, or new construction. Property comes with RTI plans and professionally designed landscape plans in place.. Buyer to verify all development potential, zoning, plans, approvals, permits, and intended use with the City of Los Angeles. This is a true value-add opportunity in a premier Westwood location with close proximity to UCLA, Westwood Village, major employment hubs, retail, dining, and transit. Ideal for developers, builders, and investors seeking a project with significant upside in a high-demand market. Sold as-is.
infoProperty Facts
Bedrooms
3
Bathrooms
2
Square Feet
2,097
Lot Size
8,456 sqft
Year Built
1936
Property Type
Single Family Residence
Days on Market
18
HOA Fee
N/A
Garage Total
2
MLS #
PW26036391
chairInterior Details
General Interior
Interior Features
All Bedrooms Down
Fireplace
Family Room, Living Room, Primary Bedroom
Kitchen & Appliances
Appliances
Microwave
Laundry
In Kitchen
Bed & Bath
Main Level Bedrooms
3
Main Level Bathrooms
2
garageParking
Total Parking Spaces
2
Garage Spaces
2
Attached Garage
Yes
deckExterior & Lot
Lot & Grounds
Lot Features
Back Yard
Sewer
Unknown
Water Source
Public
diversity_3Community & HOA
Association Info
Community Features
Sidewalks
Mortgage Calculator
$0
Nearby Schools
| Rating | School Name |
|---|---|
9 | GreatSchools High (Demo) public School • ratio 22:1 |
7 | Valley View Elementary (Demo) public School • ratio 18:1 |
6 | Lincoln Middle School (Demo) public School • ratio 20:1 |
NR | St. Mary Example Academy (Demo) private School • ratio 12:1 |
Walkability
Market Insights
Estimated Value
Market Temperature
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Similar Homes You Might Like
Based on price, location, and features