238 S Westmoreland, Los Angeles, CA 90004

USD 2,699,999
For Sale MLS: PW26084088

Property Details

Bathrooms

5

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.

PROPERTY DETAILS: Square Feet: 4416 | Bathrooms: 5

INTERIOR FEATURES: • Appliances: Range, Washer, ENERGY STAR Qualified Appliances, Built-In Range, Refrigerator, Gas Oven • Flooring: Vinyl, Wood • Cooling: Central Air, Window/Wall Unit • Heating: Central • Common Walls: 2+ Common Walls • Basement: Finished • Doors/Windows: Insulated Windows • Fireplaces: None • Energy: Appliances, HVAC, Water Heater, Solar

EXTERIOR FEATURES: • Parking: 9 Carport Spaces, 9 Parking Spaces, • Exterior: Stucco, Brick • Patio: Patio, None • Roof: Asphalt • Pool Description: None • Spa: None • Lot View: Other • Additional Exterior/Lot Features: Lighting, Patio Corner Lot, Back Yard

LISTING AGENT: Agent: Jason Kim | Office: Coldwell Banker Realty | Phone: 2137051919 | Email: [email protected]

LISTING INFORMATION: MLS#: PW26084088 | Status: FOR SALE

Location

Address

238 S Westmoreland

City

Los Angeles

Features and Finishes

Interior Features:

• Appliances: Range, Washer, ENERGY STAR Qualified Appliances, Built-In Range, Refrigerator, Gas Oven

• Flooring: Vinyl, Wood

• Cooling: Central Air, Window/Wall Unit

• Heating: Central

• Common Walls: 2+ Common Walls

• Basement: Finished

• Doors/Windows: Insulated Windows

• Fireplaces: None

• Energy: Appliances, HVAC, Water Heater, Solar

Exterior Features:

• Parking: 9 Carport Spaces, 9 Parking Spaces,

• Exterior: Stucco, Brick

• Patio: Patio, None

• Roof: Asphalt

• Pool Description: None

• Spa: None

• Lot View: Other

• Additional Exterior/Lot Features: Lighting, Patio Corner Lot, Back Yard

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