165 Veteran Avenue, Los Angeles, California 90024, Los Angeles, 90024 - 3 bed, 4 bath
165 Veteran Avenue
Los Angeles, California 90024
Property Price
SUMMARY
Analysis of 165 Veteran Avenue, Los Angeles, California 90024 reveals a Fairly Priced Property with a current list price of $3,195,000 aligned with the estimated $3,144,330 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 165 Veteran Avenue Subject | $3,195,000* List Price | 3 | 4 | 3,347 | $939 | - |
A 507 Veteran Avenue Sold | $2,330,000 | 3 | 2 | 2,097 | $1,111 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1935, this property is explicitly marketed as a 'major fixer' and a 'development opportunity' on a large lot. The listing emphasizes the land value and surrounding new construction rather than the habitability of the existing structure. Given the age, 'As Is' status, and the description's focus on redevelopment, the building is considered to be at the end of its economic life, requiring demolition to achieve the property's highest and best use.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Prime Development Location
Situated in the prestigious Westwood Hills near UCLA and Westwood Village, the property is surrounded by high-value new construction in a proven, high-demand resale market.
- Substantial Lot Size
The expansive 9,453 square foot lot offers a rare and significant footprint for a custom luxury development project, providing ample space for a large-scale residence.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3347, other record living area = 2526. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Major Fixer Condition
The existing 1935 structure is in poor condition and sold 'As Is,' requiring a total renovation or complete demolition, which adds significant immediate cost and complexity.
- High Entry Price for Redevelopment
The $3.195M asking price represents a high initial capital requirement for a property that still necessitates substantial additional investment for construction or restoration.
About 165 Veteran Avenue
Rare development opportunity on a sought after 9,453 square foot lot, surrounded by established new construction. Well suited for a new development project in a premier Westwood Hills location near UCLA and Westwood Village. Positioned among high value properties in a proven resale market, the site presents meaningful upside potential for developers and builders. The existing 3 bedroom, 4 bath structure, and detached guest house, is a major fixer and is being sold "As Is".
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1935
- Lot Size
- 9,453 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Warner Avenue Elementary School
Grades K-5 • 1.3 mi
Fairburn Avenue Elementary School
Grades K-5 • 1.7 mi
Brentwood Science School
Grades K-5 • 2.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 31% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,347 | 2,977 | 67% |
| Lot Size | 9,453 | 7,959 | 75% |
| Price | $3.19M | $3.49M | 36% |
| Price per sq ft | $955 | $1.2K | 14% |
| Built year | 1935 | 1936 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 169 | 3% |
Pricing History
Listed for Sale
Mar 5, 2026
$3,195,000
Initial Listing