1440 Veteran Avenue 322, Los Angeles, California 90024, Los Angeles, 90024 - 1 bed, 1 bath
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1440 Veteran Avenue 322
Los Angeles, California 90024
ACTIVE
CONDITION: FAIR
1Beds
1Baths
597Sq Ft
96,892Lot Size
Property Price
LIST PRICE$359,999
EST. MARKET VALUE
$384,574
6% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $359,999—positioned well below the $384,574 Fair Market Value by 6%. This valuation gap offers $24,575 in Instant Equity. Featuring a Condition Rating of 4, the unit requires cosmetic modernization, yet offers resort-style amenities like a pool and koi pond. Located near UCLA and top-rated schools like Fairburn Avenue Elementary, this is an ideal Asset for Buy-and-Hold Investors or first-time buyers seeking a prime Westwood location.
Estimated Market Value
$384,574+$24,575 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1440 Veteran Avenue 322 Subject 1 bd · 1 ba · 597 sqft · $644 | $359,999* List Price | 1 | 1 | 597 | $644 | - |
A 1440 Veteran Avenue 407 Active 1 bd · 1 ba · 661 sqft · $703 | $465,000 List Price | 1 | 1 | 661 | $703 | - |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1972 (52 years old) and the interior images show a dated bathroom with older cabinetry, lighting, and fixtures. While the common areas appear well-maintained, the unit itself requires cosmetic updates and modernization to address its age and dated aesthetic.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Prime Westwood Location
Situated within walking distance to UCLA, the Medical Center, and Westwood Village, this property offers unparalleled convenience for students, faculty, and medical professionals.
- Resort-Style Amenities
The Colony Condominium provides an extensive amenity package including a swimming pool, fitness center, steam room, and lushly landscaped grounds featuring a waterfall and koi pond.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 597, other record living area = 388.
- High Monthly HOA Fees
The association fee of $892.16 is notably high for a one-bedroom unit of this size, which may impact the overall monthly carrying costs for budget-conscious buyers.
- Compact Living Space
With only 597 square feet of living area, the unit's small footprint may limit its appeal to buyers seeking more spacious accommodations or long-term residential comfort.
About 1440 Veteran Avenue 322
Magnificent Opportunity To Own A Piece Of California At The Westwood Downtown Area Few Minutes Away From Everything UCLA MEDICAL CENTER Walking Distance Or Ride A Scooter « STUDENTS » Opportunity To WESTWOOD VILLAGE, UCLA , And 405 NORTH & SOUTH FREE WAY, METRO LINE UCLA WESTWOOD STATION, AMERICAN PASSPORT OFFICE FEDERAL BUILDING, SANTA MONICA BEACH, BEVERLYHILLS, RODEO DRIVE THE MOST EXPENSIVE SHOPPING AREA IN THE WORLD, ICONIC LILY POND, THE WALLIS ANNBERG CENTER FOR THE PERFORMING ARTS, THE HAMMER MUSEUM, PLUS RESTAURANTS,THEATER & COMUNITY CATHOLIC CHURCH, These Are The Numerous Amenities At The Colony Condominium Swimming Pool, Jacuzzi, Steam Room, Fitness Center, Four Elevators, Laundry Room On The Premises And A Blissful & Lush Landscaping Garden Interior & Exterior And Addition To The Water Fall With Golden Fishes Plus Turtles ,And The Westwood Recreation Center Dog Park,Tennis Court,Basketball, ECT.Across The Street " PIE À TERRE" FOR YOUR LOVE ONES.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1972
- Lot Size
- 96,892 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $892.16 / Month
Neighborhood Insights
Los Angeles Unified Schools
Nora Sterry Elementary School
Grades K-5 • 0.7 mi
7/10
Fairburn Avenue Elementary School
Grades K-5 • 0.8 mi
9/10
Warner Avenue Elementary School
Grades K-5 • 1.3 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 597 | 1,252.996 |
| Lot Size | 96,892 | 26,029.603 |
| Price | $360.0K | $778.5K |
| Price per sq ft | $603 | $629 |
| Built year | 1972 | 1981 |
| HOA | $892.16 | $676 |
| Days on market | 25 | 74 |
Pricing History
Listed for Sale
Oct 15, 2026
$359,999
Initial Listing