Listing Agent: Jason Kim      Broker/Office: Coldwell Banker Realty
238 Westmoreland S Los Angeles CA 90004
$ 2,699,999
  8   |    5   |    4416 Sq Feet

Listing ID

#PW26084088

Status

Active

Property Type

Single Family Residence

Property Style

Spanish

County

Los Angeles

Year Built

1919

Days on website

4

Description
Exceptional Virgil Village / Koreatown Investment Opportunity
Business and Real estate
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 care facility, 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.
Location
Financial Information
List Price:  $ 2699999
Property Features
Accessibility Features:  Parking
Appliances:  Refrigerator, Washer
Basement:  Finished
Community Features:  Sidewalks
Construction Materials:  Brick, Drywall, Glass, Stucco
Direction Faces:  East
Exterior Features:  Lighting
Flooring:  Vinyl, Wood
Green Energy Efficient:  Appliances, HVAC
Green Energy Generation:  Solar
Heating:  Central
High School District:  Los Angeles Unified
Levels:  Two
Lot Features:  Yard
Road Surface Type:  Paved
Roof:  Asphalt
Senior Community YN:  false
Structure Type:  House
View:  Neighborhood
Water Source:  Public
High School District:  Los Angeles Unified
Senior Community YN:  false
MLS Area Major:  C17 - Mid-Wilshire
City:  Los Angeles
Listed By:   Jason Kim   Coldwell Banker Realty 
CA Lic#