238 S Westmoreland, Los Angeles, CA 90004
List Price: $2.7M
Listing Status: Active
0Days on Market: 1
8 Bedrooms · 5 Bathrooms · 4,416 sq ft
Property Type: Residential
Year Built: 1919
Lot Size: 9,754 sq ft
Private Pool: Yes
MLS Number: PW26084088
About This Property
Exceptional Virgil Village / Koreatown Investment Opportunity Business and Real estate (hotel permit) Don’t miss this rare chance to own a prime income-producing property on the prominent corner of 3rd Street and Virgil, in one of Los Angeles’ most sought-after and high-demand neighborhoods. Featuring 12 bedrooms, 13 bathrooms, and 9 gated parking spaces, this well-maintained property offers outstanding flexibility, strong upside potential, and exceptional long-term value. Originally renovated in 2017, the property includes central air, a newer solar panel system, a new electrical box, and an existing hotel permit. Currently operated as a Adult care facility 18 yrs in business with yelp reviews, it provides a unique opportunity for investors, operators, or buyers looking for a versatile asset with multiple potential uses. The business and property are being offered at an exceptional price, creating an attractive value proposition in a premier location. The property may also be delivered vacant, allowing even more options for repositioning, expansion, or future use. In excellent condition and already generating strong revenue, this is a rare opportunity to acquire a property with size, location, income potential, and lasting upside. 1031 exchange buyers are welcome.
Listing provided by: Jason Kim DRE #02129083 562-494-4600 jkim@realoneestate.com, Coldwell Banker Realty
Source: CRMLS, MLS #: PW26084088