238 S Westmoreland, Los Angeles, CA 90004
- $2,699,999
- 8
- BD
- 5
- BA
- 4,416
- SqFt
Listing courtesy of Listing Agent: Jason Kim (jkim@realoneestate.com) from Listing Office: Coldwell Banker Realty.
- List Price
- $2,699,999
- Status
- ACTIVE
- Days on Market
- 145
- MLS#
- PW26084088
- Subtype
- Residential
- Style
- Spanish, Tudor
- Year Built
- 1919
- Bedrooms
- 8
- Bathrooms
- 5
- Full Baths
- 5
- Living Area
- 4,416
- Lot Size
- 9,754
- Acres
- 0.22
- MLS Area Major
- Mid-Wilshire (C17)
Property Description
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.
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Additional Information
- Interior Features
- High Ceilings, Multiple Staircases, Two Story Ceilings, All Bedrooms Up, All Bedrooms Down, Primary Suite
- Exterior Features
- Lighting
- Property Description
- Spanish, Tudor
- Flooring
- Vinyl, Wood
- Appliances
- Built-In Range, ENERGY STAR Qualified Appliances, Gas Oven, Refrigerator, Washer
- Heating
- Central
- Air Conditioning
- Yes
- Exterior Construction
- Brick, Drywall, Glass, Stucco
- Stories
- Two Levels
- Levels
- Two
- Roof
- Asphalt
- Pool Type
- None
- Parking Features
- Driveway Up Slope From Street, One Space
- School District
- Los Angeles Unified
- View
- Neighborhood
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.