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Description Open House Details Location Schools Recent Sales
$2,699,999 Est. $9,942 / mo.*

238 S Westmoreland Los Angeles , CA 90004

Property listed by Coldwell Banker Realty, Jason Kim {attribution_contact}

Description

8 Beds
5 Baths
4,416 Sqft
9,754 Sqft lot
0.22 Acre lot
Status: Active
Property Type: Singlefamilyresidence
Year Built: 1919
Days on Website: 126
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.

Open House

Property Details and Features

Property Access
Frontage Type:
CityStreet
Road Surface:
Paved
Appliances & Equipment
BuiltInRange
EnergyStarQualifiedAppliances
GasOven
Refrigerator
Washer
Basement
Finished
[+] Read More

Tour This Home

Contact an Agent

Christopher Lechner

(562) 972-0388

Location

$2,699,999 -
238 S Westmoreland Los Angeles , CA 90004
MLS Area (Major): C17 - Mid-Wilshire

Street View

Nearby Schools

Recent Sales in the Area