Marc Lyman
Pacific Sotheby's International Realty
Phone: 619-363-3000
Phone:
1111 Prospect St Suite 100, La Jolla, CA 92037
Fax:

MLS# PW26036391 – 507 Veteran Avenue, Los Angeles, CA 90024

$2,695,000 - 3Br/2Ba - for Sale in Los Angeles
Price: $2,695,000
Beds: 3
Baths: 2
Living Area SqFt: 2,097
Status: Active
Property Type: Detached
Lot Size Acres: 0.19
Lot Size SqFt: 8,456
Year Built: 1936
Days on Website: 35

Courtesy of 1Vision Real Estate, Itxel Marquez 562-396-2673

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.

Open House

Property Details and Features

  • Appliances & Equipment
  • “Microwave”
  • Bathrooms
  • 2 total bathrooms
  • 2 full bathrooms
  • Bedrooms
  • 3 total bedrooms
  • 3 possible bedrooms
  • Building
  • Built in 1936
  • Building area total: 2097
  • 1 stroy
  • 1 story total
  • Living area: 2097
  • Living area units: Sqft
  • Building area units: Sqft
  • Entry level: 1
  • “No Common Walls”
  • “1 Story”
  • Cooling
  • “N/K”
  • Fireplaces
  • “FP in Family Room”
  • “FP in Living Room”
  • Garage
  • 2 spaces
  • Water Features
  • Water source: “Public”
  • Heating
  • “N/K”
  • Listing
  • Listing ID: PW26036391
  • List price: $2,695,000
  • 35 days on market
  • Listing contract date: 2026-02-18
  • Special listing conditions: “Standard”
  • “Cash”
  • “Conventional”
  • Lot
  • 8,456 size sqft
  • Size area: 0.1941
  • Size units: Acres
  • Parking
  • Total: 2
  • Pool
  • “N/K”
  • Property
  • Property subtype: Detached
  • Property type: Residential
  • “N/K”
  • Sewer
  • “Unknown”

Property Map

$2,695,000 – 507 Veteran Avenue, Los Angeles, CA 90024

Street View

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