238 S Westmoreland, Los Angeles, CA 90004
- $2,699,999
- 8
- BD
- 5
- BA
- 4,416
- SqFt
- List Price
- $2,699,999
- Status
- ACTIVE
- MLS#
- PW26084088
- Year Built
- 1919
- Bedrooms
- 8
- Bathrooms
- 5
- Living Sq. Ft
- 4,416
- Lot Size
- 9,754
- Acres
- 0.22
- Lot Location
- 6-10 Units/Acre, Back Yard, Corner Lot, Sprinkler System, Yard
- Days on Market
- 98
- Property Type
- Single Family Residential
- Style
- Spanish, Tudor
- Property Sub Type
- Single Family Residence
- Stories
- Two Levels
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
- Appliances
- Built-In Range, ENERGY STAR Qualified Appliances, Gas Oven, Refrigerator, Washer
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air, Wall/Window Unit(s)
- View
- Neighborhood
- Exterior Construction
- Brick, Drywall, Glass, Stucco
- Roof
- Asphalt
- Sewer
- Public Sewer
- Water
- Public
- School District
- Los Angeles Unified
- Interior Features
- High Ceilings, Multiple Staircases, Two Story Ceilings, All Bedrooms Up, All Bedrooms Down, Primary Suite
- Attached Structure
- Attached
- Number Of Units Total
- 12
Listing courtesy of Listing Agent: Jason Kim (jkim@realoneestate.com) from Listing Office: Coldwell Banker Realty.
Mortgage Calculator
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