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.
Property Details
Price:
$2,695,000
MLS #:
PW26036391
Status:
Active
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c05westwoodcenturycity
Listed Date:
Feb 19, 2026
Finished Sq Ft:
2,097
Lot Size:
8,456 sqft / 0.19 acres (approx)
Year Built:
1936
See this Listing
Schools
School District:
Los Angeles Unified
Interior
Appliances
MW
Bathrooms
2 Full Bathrooms
Cooling
NO
Heating
NO
Laundry Features
IK
Exterior
Community Features
SDW
Parking Spots
2
Financial
Map
Community
- Address507 Veteran AV Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90024
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Mar 15, 2026
7,202
Single Family Listed
87
Avg DOM
510
Avg $ / SqFt
$1,492,002
Avg List Price
Property Summary
- 507 Veteran AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90024. It is listed for $2,695,000 and features 3 beds, 2 baths, and has approximately 2,097 square feet of living space, and was originally constructed in 1936. The current price per square foot is $1,285. The average price per square foot for Single Family listings in Los Angeles is $510. The average listing price for Single Family in Los Angeles is $1,492,002.
Similar Listings Nearby
507 Veteran AV
Los Angeles, CA


