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.
Listed by Jason Kim
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License #02129083
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Coldwell Banker Realty
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213-705-1919
Last updated April 22, 2026
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Source: CRMLS #PW26084088
Listing Facts
TypeSingle-family
NeighborhoodRampart Village
Bedrooms8
Bathrooms5
Days on Prevu11
Size4,416 sqft
Price per sqft$611
Amenities
Private Outdoor Space
Washer/Dryer
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
04/20/2026
Listed by Coldwell Banker Realty
$2,699,999
Property Details for 238 S Westmoreland
Association
Amenities
Community Features: Street Lights, Sidewalks
Exterior
Construction
Number Of Units Total: 12
Property Attached: Yes
Property Condition: Repairs Cosmetic
Roof: Asphalt
Stories: 2
Stories Total: 2
Structure Type: House
Window Features: Insulated Windows
Year Built: 1919
Architectural Style: Spanish, Tudor
Common Walls: 2+ Common Walls
Construction Materials: Brick, Drywall, Glass, Stucco
Entry Level: 1
Entry Location: front and back
Exterior Features: Lighting
Features
Direction Faces: East
Road Frontage Type: City Street
View: Neighborhood
Measurements
Lot Features: 6-10 Units/Acre, Back Yard, Corner Lot, Sprinkler System, Yard
Lot Size Acres: 0.22
Lot Size Area: 9,754
Lot Size Source: Assessor
Lot Size Square Feet: 9,754
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 5501020010
Interior
Features
Appliances: Built-In Range, ENERGY STAR Qualified Appliances, Gas Oven, Refrigerator, Washer
Flooring: Vinyl, Wood
Interior Features: High Ceilings, Multiple Staircases, Two Story Ceilings, All Bedrooms Up, All Bedrooms Down, Primary Suite
Measurements
Living Area: 4,416
Living Area Source: Assessor
Living Area Units: Square Feet
Rooms
Basement: Finished
Has Basement: Yes
Bathrooms Full: 5
Bathrooms Total Integer: 5
Bedrooms Total: 8
Main Level Bathrooms: 5
Main Level Bedrooms: 5
Other
Environmental
Green Energy Efficient: HVAC,Water Heater,Appliances
Features
Accessibility Features: Parking
Location
Tax Lot: 50
Parking
Parking
Carport Spaces: 9
Carport: Yes
Parking Features: Driveway Up Slope From Street, One Space
Parking Total: 9
Schools
High School
High School District: Los Angeles Unified
Utilities
Equipment
Cooling: Central Air, Wall/Window Unit(s)
Has Cooling: Yes
Electric: Electricity - On Property
Heating: Central
Has Heating: Yes
Laundry Features: Washer Hookup, Gas Dryer Hookup
Sewer: Public Sewer
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this single-family home have?
There are 8 bedrooms and 5 bathrooms in this single-family home at 238 S Westmoreland.
Does this single-family home have parking?
Yes, there are 9 parking spaces available for 238 S Westmoreland.
How does 238 S Westmoreland compare to other single-family homes in Rampart Village?
This single-family home is listed 162% above the average price for single-family homes in Rampart Village and has been on the market for 88 less days than the typical home in this area.
What is the square footage on this single-family home?
According to the MLS, this listing is 4,416 sqft.
238 S Westmoreland is a 8-bedroom, 5-bath single-family home for sale in Los Angeles CA 90004. Available on Prevu for 11 days at $2,699,999. This home features 4,416 square feet of living space, located in Rampart Village. The median listing price for single-family homes in this area is $959,000. Property amenities include private outdoor space, air conditioning, parking, and washer/dryer. Explore more single-family home listings in Los Angeles.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.