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
Address:
507 Veteran AV
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c05westwoodcenturycity
City:
Los Angeles
Listed Date:
Feb 17, 2026
State:
CA
Finished Sq Ft:
2,097
ZIP:
90024
Lot Size:
8,456 sqft / 0.19 acres (approx)
Year Built:
1936
Schools
School District:
Los Angeles Unified
Interior
Appliances
M W
Bathrooms
2 Full Bathrooms
Cooling
N O
Heating
N O
Laundry Features
I K
Exterior
Community Features
S D W
Parking Spots
2
Financial
Map
Contact Us
Mortgage Calculator
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Courtesy of 1Vision Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 507 Veteran AV
Los Angeles, CA
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