507 Veteran Avenue, Los Angeles, CA 90024

• 3 beds |
• 2 baths |
• 2,097 sqft

Property Description

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.

Listing Status:

Active

Date Added:

February 17, 2026

Data Last Updated:

March 10, 2026 at 7:07AM

Listing Office:

1Vision Real Estate : 415-917-1921

Listing Agent:

Itxel Marquez : 562-396-2673

MLS ID:

CRPW26036391

Interior

• Appliances: Microwave
• Laundry: In Kitchen
• A/C: None
• Heating: None
• Fireplace: Family RoomLiving RoomFireplace

Exterior

• General: Back Yard
• Pool: None
• Parking: Attached

Construction

• General: 1

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS
• School District: Los Angeles Unified
• County: Los Angeles

Lot

• Zoning: 4366027007
• View: None

Financial

• Source: CRMLS