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Parisa Samimi

parisa@parisagroup.com +1(510) 410-4050

$2,699,999

Est. payment - /mo

8 Beds

5 Baths

4,416 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,416 sqft

Price per Sqft $611

MLS Listing ID CRPW26084088

Bedrooms 8

Full Baths 5

HOA Y/N No

Year Built 1919

Lot Size 9,754 Sqft

Acres 0.2239

Property Sub-Type Single Family Residence

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.

Location

State CA

County Los Angeles

Interior

Interior Features Office

Heating Central

Cooling Central Air, Wall/Window Unit(s), ENERGY STAR Qualified Equipment

Flooring Vinyl, Wood

Fireplaces Type None

Fireplace No

Appliance Range, Refrigerator, ENERGY STAR Qualified Appliances

Laundry Gas Dryer Hookup, Washer, Other

Exterior

Exterior Feature Lighting, Back Yard

Pool None

Utilities Available Cable Available, Cable Connected, Natural Gas Available, Natural Gas Connected

View Y/N true

View Other

Handicap Access Other

Total Parking Spaces 9

Private Pool false

Building

Lot Description Corner Lot, Back Yard, Street Light(s)

Story 2

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Spanish, Tudor

Level or Stories Two Story

New Construction No

Schools

School District Los Angeles Unified

Others

Tax ID 5501020010

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© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

Listed by Jason Kim • Coldwell Banker Realty

NEARBY SCHOOL & BUSINESS

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Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

238 S Westmoreland Los Angeles, CA 90004

Parisa Samimi

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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238 S Westmoreland