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238 Westmoreland S Los Angeles CA 90004
Price $ 2,699,999
Listing ID PW26084088
Status Active
Property Type Single Family Residence
County Los Angeles
Beds 8
Baths 5
House Size 4416
Year Built 1919
Days on website 3
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#