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About This Home

This 12-bedroom, 15-bathroom residential multi family at 1200 W 38th St in Los Angeles, CA is listed for $2,899,000 ($504 per sqft). Built in 2026, the home offers 5,755 sqft of living space on a 0.12 acres lot.

Agent Description

Presenting a newly constructed, turnkey fourplex ideally located in the heart of Los Angeles, just moments from USC, the LA Memorial Coliseum, and major transportation routes. Designed for modern urban living and built with both tenant comfort and investment performance in mind, this brand new property offers a rare opportunity to acquire a high demand rental asset in one of LA's strongest and most consistent leasing markets.

Each of the four residences features a bright, open concept floor plan with generous natural light and contemporary finishes throughout. Every unit is configured with three bedrooms, each with its own private bathroom, creating an ideal layout for student housing, shared living arrangements, or family occupancy.

The design also allows for the potential addition of a fourth bedroom in each unit, providing a value add opportunity to further enhance rental income. In unit laundry is included in all residences for everyday convenience. All units are delivered vacant, offering complete flexibility for a new owner to implement a variety of leasing strategies.

Rent units individually for long-term tenancy, lease per bedroom to meet the high demand for student housing, or master lease the entire building to a single operator. This versatility allows an investor to tailor operations to maximize returns. The property also includes six on site parking spaces, an increasingly valuable amenity in this high density neighborhood, further strengthening tenant appeal and rental competitiveness.

A rare chance to own a newly built, low-maintenance fourplex in a prime Los Angeles location with strong rental demand, modern construction, and multiple income strategies available from day one.

Key Features

  • Built in 2026
  • 0.12 acre lot
  • 3 stories
  • 8 parking spaces

Property Details

3 stories
15 full
8 spaces
2026

Amenities

A/C

Monthly Cost Estimate

$15,504/mo

20% down · 6.5% · 30 years

Principal$2,097
Interest$12,562
Insurance$846

Estimates only. Actual payments may vary.

Location

1200 W 38th St

Los Angeles, CA 90037

Property Details

Parking

Covered

Heating

Central

Cooling

Central Air

Questions & Answers

This 12-bedroom, 15-bathroom residential multi family at 1200 W 38th St is listed at $2,899,000 ($504/sqft). The estimated monthly payment is $12,562 based on 20% down at 6.5% interest.

Key features include: Built in 2026, 0.12 acre lot, 3 stories, 8 parking spaces.

This property is listed by Arash Pashaei and can be reached at 3104029161 or arash.pashaei@gmail.com.

AP

Arash Pashaei

Agent at Keller Williams Beverly Hills

(310) 402-9161

Listed by Keller Williams Beverly Hills · View on Broker Site

MLS# 26831517· Source: listhub· Updated 18 days ago

Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1200 W 38th St, Los Angeles, CA 90037

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