Stacey Alysson Melman

1200 W 38th ST Los Angeles CA 90037 MLS #26831517

1200 W 38th ST
Los Angeles, CA, 90037
$2,899,000
12 Beds
15 Baths
5,755 SqFt
0.12 Acres
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MLS #26831517 image #0
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.
AGENT: Arash Pashaei
LISTING BROKERAGE: Keller Williams Beverly Hills
1200 W 38th ST
Los Angeles, CA

Property Details

Price:
$2,899,000
MLS #:
26831517
Status:
Active
Beds:
12
Baths:
15
Type:
Single Family
Neighborhood:
c34losangelessouthwest
Listed Date:
May 14, 2026
Finished Sq Ft:
5,755
Total Sq Ft:
5,755
Lot Size:
5,227 sqft / 0.12 acres (approx)
Year Built:
2026
NewconstructionC34 – Los Angeles SouthwestC34losangelessouthwest
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Schools

Interior

Appliances
GD, MW, RF
Cooling
CA
Heating
CF
Levels
S

Exterior

Parking Spots
8
Parking Total
8

Financial

Gross Operating Income
$212,400
Net Operating Income
$160,838

Map

Community

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