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,… Read More 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. Read Less
Courtesy of Coldwell Banker Realty 562-494-4600
Listing Snapshot
Days Online
124
Last Updated
Property Type
Single Family Residence
Beds
8
Full Baths
5
Square Ft.
4,416
Lot Size
0.22 Acres
Year Built
1919
MLS Number
PW26084088MR
Additional Details
Community
Sidewalks, Street Lights
Cooling
Central, Wall/Window Unit(s)
Appliances & Equipment
Oven-Gas, Gas Dryer Hookup, Refrigerator, Washer, Washer Hookup, Washer Included
Building
4,416 sq ft, Built in 1919, Attached, Tudor
Disclosures
Repairs Cosmetic
Accessibility Features
Other Main Level Modifications
Exterior Features
Brick, Glass, Stucco
Fireplaces
None
Garage
0 total garage spaces, Parking Space
Water Features
Water: Public
Heating
Central
Home Owner's Association
Homeowner Dues: $0
Laundry
Gas Dryer Hookup, Washer, Washer Hookup, Washer Included
Lot
LotAcreage: 0, LotSizeArea: 9,754
Parking
CarportSpacesTotal: 0, TotalParking: 9
Pool
None
Property
EntryFloorNumber: 1, LandLeaseType: Fee, PropertySubType: Single Family Residence, ViewYN: t, Repair Cosmetic
Roof
Asphalt
Sewer
Public Sewer
Spa
None
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