Listing Agent: Itxel Marquez      Broker/Office: 1Vision Real Estate
507 Veteran Avenue Los Angeles CA 90024
$ 2,695,000
  3   |    2   |    2097 Sq Feet

Listing ID

#PW26036391

Status

Active

Property Type

Single Family Residence

County

Los Angeles

Year Built

1936

Days on website

3

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.
Location
Financial Information
List Price:  $ 2695000
Property Features
Appliances:  Microwave
Community Features:  Sidewalks
High School District:  Los Angeles Unified
Levels:  One
Senior Community YN:  false
Sewer:  Unknown
Structure Type:  House
Water Source:  Public
High School District:  Los Angeles Unified
Senior Community YN:  false
MLS Area Major:  C05 - Westwood - Century City
City:  Los Angeles
Listed By:   Itxel Marquez   1Vision Real Estate 
CA Lic#