238 S Westmoreland

About this residence

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.

Features & finishes

• HighCeilings,MultipleStaircases,TwoStoryCeilings,AllBedroomsUp,AllBedroomsDown,PrimarySuite
• Lighting

Property details

Status

For Sale

Property type

Single-Family Home

Price per sq ft

$611/sq ft

Days on market

2 days

Year built

1919

HOA fee

$0/mo

View

Neighborhood

Parking

0 spaces

Furnished

No

Waterfront

No

MLS number

PW26084088

Location & neighborhood

238 S Westmoreland, Los Angeles, CA 90004

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