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1541 Veteran Avenue is a well-maintained four-unit multifamily asset, situated on an oversized 8,500 SF lot ideally positioned in the highly sought-after Westwood submarket of Los Angeles, just over a mile from UCLA. The property benefited from a substantial, permitted upgrade and expansion in 2002. It offers an exceptional owner-user or value-add investment opportunity, with a spacious 3-bedroom, 3-bathroom owner's unit of approximately 1,600 SF to be delivered vacant at closing, providing flexibility for immediate occupancy or premium market-rate leasing. The remaining three units are large 2-bedroom units. 3 units have washer/dryer in unit and the 4th unit has dedicated exterior laundry room; some units feature fireplaces and roof top decks. This generous lot size accommodates four private garages with a total of eight on-site parking spaces. Moreover, the large lot size presents a prime ADU development opportunity, offering investors substantial potential for additional income and long-term appreciation through expansion. Combining immediate owner-occupancy potential and significant long-term upside, 1541 Veteran Avenue represents a rare Westside offering, positioned for future growth driven by its large lot size and proximity to UCLA and transit improvements.
| DAYS ON MARKET | 17 | LAST UPDATED | 11/14/2025 |
|---|---|---|---|
| YEAR BUILT | 1949 | COMMUNITY | C05 - Westwood - Century City |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | C05 - Westwood - Century City |
|---|---|
| FIREPLACE | Yes |
| HEAT | Wall Furnace |
| LOT | 8503 sq ft |
| LOT DIMENSIONS | 8502 |
| PARKING | Assigned, Covered |
| POOL DESCRIPTION | None |
| SEWER | Other |
| STORIES | Split/Multi Level |
| STYLE | MidCenturyModern |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
| SATELLITE VIEW |
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