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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: 109
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Chris Heller
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House Description

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.
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Highlights

Listed by Jason Kim , 213-705-1919 Coldwell Banker Realty , 562-494-4600. San Diego County Multiple Listing Service mls logo

Property Type

Condo/Townhome
Lot/Acreage
0.22

Year Built

1919

County

Los Angeles

Listing ID

PW26084088

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:8
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:5
Appliances:Refrigerator, Solar Panels, Washer, Gas Oven
Air Cond:Central Forced Air,Wall/Window
Fireplaces:N/K
Floor:Linoleum/Vinyl,Wood
Other:2 Staircases,Two Story Ceilings
Other:Public

Exterior Features

Garage Capacity:9
Roof:Asphalt
Others:Repairs Cosmetic
Sewer:Public Sewer
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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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.

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Data last updated: 2026-08-08T16:19:36.000Z

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