238 S Westmoreland, Los Angeles, CA 90004
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238 S Westmoreland, Los Angeles, CA 90004
238 S Westmoreland, Los Angeles, CA 90004
238 S Westmoreland, Los Angeles, CA 90004
238 S Westmoreland, Los Angeles, CA 90004
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Mia Alsabea

Mia Alsabea

+1(805) 264-8947
$ 2,699,999
Est. payment /mo
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238 S Westmoreland Los Angeles, CA 90004

8 Beds

5 Baths

4,416 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 4,416 sqft

Price per Sqft $611

MLS Listing ID PW26084088

Style Mediterranean/Spanish,Tudor/French Normandy

Bedrooms 8

Full Baths 5

Year Built 1919

Lot Size 9,754 Sqft

Property Sub-Type All Other Attached

Property Description

Exceptional Virgil Village / Koreatown Investment Opportunity Business and Real estate (hotel permit) Dont 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.

Location

State CA

County Los Angeles

Direction 4 block east of 3rd street and Vermont

Interior

Interior Features 2 Staircases, Two Story Ceilings

Heating Forced Air Unit

Cooling Central Forced Air, Wall/Window

Flooring Linoleum/Vinyl, Wood

Fireplace No

Appliance Refrigerator, Solar Panels, Washer, Gas Oven

Laundry Gas, Washer Hookup

Exterior

Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Water Available, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

View Neighborhood

Roof Type Asphalt

Accessibility Parking

Total Parking Spaces 9

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 5501020010

Acceptable Financing Exchange

Listing Terms Exchange

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by Jason Kim, DRE#02129083 Coldwell Banker Realty 

NEARBY SCHOOL & BUSINESS

Mia Alsabea

Mia Alsabea

Agent | License ID: 02197082

+1(805) 264-8947

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238 S Westmoreland