Listing provided courtesy of Jason Kim of Coldwell Banker Realty. Last updated . Listing information © 2025 Sandicor.
Asking Price: $2,699,999
238 Westmoreland, Los Angeles CA 90004
Community:
This Residential property was built in 1919 and is priced at $2,699,999. Please see the additional details below.
Exceptional Virgil Village / Koreatown Investment Opportunity Business and Real estate 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 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.




