238 S Westmoreland

Property Overview

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.

Home Details

Property type: Residential - Single Family Residence
Year built: 1919
Living area: 4,416 sq ft
Lot size: 9,754 sq ft
Parking: 9 spaces
Days on market: 2
MLS status: Active

Community, Schools & Utilities

Community

View: Yes

Schools

School district: Los Angeles Unified

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Location & Neighborhood

Los Angeles, CA 90004

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Frequently Asked Questions About 238 S Westmoreland

Property type: Residential

The current asking price is $2,699,999. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 238 S Westmoreland. Our team will confirm availability and timing.

This 8 bedrooms and 5 bathrooms property offers approximately 4,416 square feet of living space. It was built in 1919. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 2 days. Status can change, so verify availability before relying on it.