507 Veteran Avenue
Los Angeles, CA 90024 • 3 Bed • 2 Bath • 2,097 sq.ft.

Property summary

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.

Days on market: 2

Listing updated: February 19, 2026 - 05:03:02

Property details

Property ID
PW26036391
Size
2097 sq.ft.
Home Type
Residential
Year Built
1936
Property Size
0.1941 acre
Garage
2
Levels
1
Spa
No
Patio
No
Basement
No
View
None
Pool
None

Listed by: Itxel Marquez DRE #01959436 714-261-9811, 1Vision Real Estate - Pacific West

Source: Pacific West, MLS#: PB21941 Originating MLS: CRMLS

Interior information

Rooms
Bedroom, Kitchen, Living Room
Bathrooms
2
Kitchen
Microwave
Cooling
None
Heating
None
Flooring
N/A
Laundry
In Kitchen
$2,695,000
Property price
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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. as of 2026-03-02 07:44:34 PST 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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