238 S Westmoreland , Los Angeles, CA 90004
$2,699,999
Est. Payment: $13,585.97/mo
8 Bed
5 Bath
4416 Sqft
Status: active | Days on site: 2
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House 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.

Highlights

Listed by Jason Kim , 213-705-1919 Coldwell Banker Realty , 562-494-4600. CRMLS/Multi-Regional MLS mls logo

Property Type

Residential

Lot/Acreage
0.22

Year Built

1919

County

Los Angeles

Area

C17 - Mid-Wilshire

School District

Los Angeles Unified

Listing ID

PW26084088

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:5
  • Full Bathrooms:5
Appliances:Built-In Range, ENERGY STAR Qualified Appliances, Gas Oven, Refrigerator, Washer
Air Cond:Central Air,Wall/Window Unit(s)
Fireplaces:
Floor:Vinyl,Wood
Basement:Finished
Other:High Ceilings,Multiple Staircases,Two Story Ceilings,All Bedrooms Up,All Bedrooms Down,Primary Suite
Other:Public

Exterior Features

Lot:6-10 Units/Acre,Back Yard,Corner Lot,Sprinkler System,Yard,No Land Lease
Garage Capacity:9
Roof:Asphalt
Others:Lighting,Repairs Cosmetic,Brick,Drywall,Glass,Stucco,2+ Total Units
Sewer:Public Sewer
Parking Features:Driveway Up Slope From Street,One Space
Principal Interest
$13,586
Taxes
$1,721

Home Price

$2,699,999

Loan Details

30 yrs
6.453%

Down Payment

20%
$540,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$13,585.97

Principal

Taxes

Principal Taxes HOA Total
Monthly $13,585.97 $1,721.25 $0.00 $15,307.22
Yearly $163,031.62 $20,654.99 $0.00 $183,686.61
Total $4,890,948.52 $619,649.77 $0.00 $5,510,598.29

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T12:37:49.000Z

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