Home | Los Angeles County | Los Angeles | 90024 | 507 Veteran Ave
MLS: CRPW26036391 | Status: Active | Price: $2,695,000
Beds/Baths: 3 / 2
Property Type: Residential
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| 3 | 2 | 2,097 | 8,456 | 1936 |
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.
| Field | Value |
|---|---|
| MLS # | CRPW26036391 |
| MLS Source | California Regional MLS |
| Days on Site | 43 |
| Feature | Details |
|---|---|
| Bedrooms | Ground Floor Bedroom |
| Appliances | Microwave |
| Fireplace | Family Room, Living Room, Primary Bedroom |
| Laundry | In Kitchen |
| Cooling | None |
| Heating | No Heating |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 2 Car(s) |
| Elementary District | Los Angeles Unified |
| High School District | Los Angeles Unified |
| HOA Fee | $0 |
Itxel Marquez
1Vision Real Estate
License #: 01959436
Phone: (562) 396-2673
School data provided by GreatSchools.org
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|---|---|---|---|---|---|
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This listing information is up-to-date as of March 31, 2026. For the most current information, please contact Itxel Marquez, (562) 396-2673.