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Listed by Coldwell Banker Realty, Jason Kim, Listing Contact: 213-705-1919 
8 Beds
5 Baths
4,416 sqft

$2,699,999

238 S Westmoreland, Los Angeles CA, 90004

Price per sqft$611.41
Built in1919
Property size4,416 sqft
Property typeResidential

Overview

Active

Listed Apr 20, 2026

Updated Aug 11

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.

$17,963/mo

Est. mortgage payment based on a $2,699,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PW26084088

Interior Features

Bedrooms
8
Bathrooms
5
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.22 Acres

Other Property Details

View
Yes

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Data last updated 5:12 AM UTC, 8/11/2026

   

 

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