Prime Westwood Development Opportunity \u2013 Exceptional Value-Add and Redevelopment Potential. Located in one of Los Angeles\u2019 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.<\/p>","protected":false},"excerpt":{"rendered":"
Prime Westwood Development Opportunity \u2013 Exceptional Value-Add and Redevelopment Potential. Located in one of Los Angeles\u2019 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, […]<\/p>\n","protected":false},"author":1,"featured_media":1784788,"parent":0,"menu_order":0,"template":"","property_type":[82],"property_status":[81],"property_feature":[90,98,96,99,43],"property_label":[85],"property_country":[],"property_state":[103],"property_city":[40],"property_area":[],"class_list":["post-1784747","property","type-property","status-publish","has-post-thumbnail","hentry","property_type-singlefamilyresidence","property_status-residential","property_feature-allbedroomsdown","property_feature-garage-attached","property_feature-has-fireplace","property_feature-has-garage","property_feature-microwave","property_label-active","property_state-los-angeles","property_city-los-angeles"],"property_meta":{"ListingKey":["1153148391"],"MLSimport_item_inserted":["94072"],"mlsImportItemStatusDelete":["a:11:{i:0;s:6:\"Active\";i:1;s:19:\"ActiveUnderContract\";i:2;s:8:\"Canceled\";i:3;s:6:\"Closed\";i:4;s:10:\"ComingSoon\";i:5;s:6:\"Delete\";i:6;s:7:\"Expired\";i:7;s:4:\"Hold\";i:8;s:10:\"Incomplete\";i:9;s:7:\"Pending\";i:10;s:9:\"Withdrawn\";}"],"fave_property_land_postfix":["SquareFeet"],"fave_property_garage":["2"],"fave_property_year":["1936"],"fave_property_address":["Veteran"],"fave_property_price":["2695000"],"fave_property_land":["0.1941"],"fave_property_bedrooms":["3"],"fave_property_size":["2097"],"fave_property_size_prefix":["SquareFeet"],"fave_property_bathrooms":["2"],"fave_property_country":["US"],"fave_property_zip":["90024"],"fave_property_map_address":["507 Veteran Avenue"],"houzez_geolocation_long":["-118.455136"],"houzez_geolocation_lat":["34.068087"],"fave_property_id":["PW26036391"],"fave_property_location":["34.068087,-118.455136"],"property_location":["34.068087,-118.455136"],"fave_contact-mail":["itzel@1vre.com"],"fave_brokered-by":["1Vision Real Estate"],"fave_listed-by":["Itxel Marquez"],"fave_contact-phone":["562-396-2673"],"fave_dre":["01959436"],"additional_features":["a:0:{}"],"fave_property_images":["1784748","1784749","1784750","1784751","1784752","1784753","1784754","1784755","1784756","1784757","1784758","1784759","1784760","1784761","1784762","1784763","1784764","1784765","1784766","1784767","1784768","1784769","1784770","1784771","1784772","1784773","1784774","1784775","1784776","1784777","1784778","1784779","1784780","1784781","1784782","1784783","1784784","1784785","1784786","1784787","1784788","1784789","1784790","1784791","1784792"],"_thumbnail_id":["1784788"],"fave_agents":[""],"fave_agent_display_option":["agency_info"],"fave_featured":["0"],"fave_property_map":["1"],"fave_property_map_street_view":["show"],"fave_single_top_area":["global"],"fave_single_content_area":["global"],"fave_additional_features_enable":["enable"],"mlsimport_property_history":["March 7, 2026, 8:07 pm: Property with title: 507 Veteran Avenue, Los Angeles, CA 90024, id:1784747, ListingKey:1153148391, Status:active will be edited<\/br>Updated Taxonomy property_status with terms [\"Residential\"]<\/br>Updated Taxonomy property_type with terms [\"SingleFamilyResidence\"]<\/br>Updated Taxonomy property_city with terms [\"Los Angeles\"]<\/br>Updated Taxonomy property_state with terms [\"Los Angeles\"]<\/br>Updated Taxonomy property_label with terms [\"Active\"]<\/br>Updated Taxonomy property_feature with terms [\"AllBedroomsDown\",\"Microwave\",\"Has Fireplace\",\"Garage Attached \",\"Has Garage\"]<\/br>Updated Meta fave_property_land_postfix with meta_value SquareFeet<\/br>Updated Meta fave_property_garage with meta_value 2<\/br>Updated Meta fave_property_year with meta_value 1936<\/br>Updated Meta fave_property_address with meta_value Veteran<\/br>Updated Meta fave_property_price with meta_value 2695000<\/br>Updated Meta fave_property_land with meta_value 0.1941<\/br>Updated Meta fave_property_bedrooms with meta_value 3<\/br>Updated Meta fave_property_size with meta_value 2097<\/br>Updated Meta fave_property_size_prefix with meta_value SquareFeet<\/br>Updated Meta fave_property_bathrooms with meta_value 2<\/br>Updated Meta fave_property_country with meta_value US<\/br>Updated Meta fave_property_zip with meta_value 90024<\/br>Updated Meta fave_property_map_address with meta_value 507 Veteran Avenue<\/br>Updated Meta houzez_geolocation_long with meta_value -118.455136<\/br>Updated Meta houzez_geolocation_lat with meta_value 34.068087<\/br>Updated Meta fave_property_id with meta_value PW26036391<\/br>Updated Meta fave_virtual_tour with meta_value