Exceptional Master Lease opportunity featuring a brand-new construction fourplex, fully vacant and ready for immediate operation. Ideally located in the heart of Los Angeles, just minutes from USC, the LA Memorial Coliseum, and major transportation corridors, this property is perfectly suited for student housing, shared living, or institutional rental strategies in one of LA’s strongest demand submarkets. The offering includes four newly built units, each featuring 3 bedrooms and 4 bathrooms, with every bedroom designed as a private suite. Bright open-concept floor plans, abundant natural light, contemporary finishes, and in-unit laundry in all residences provide modern comfort and efficiency. Each unit also offers the potential to add a fourth bedroom, creating a clear value-add upside for increased revenue. All units are delivered vacant, providing maximum flexibility for an operator to implement multiple leasing strategies, including per-bedroom leasing, traditional unit rentals, or structured co-living operations under a single master lease. The property includes assigned parking, with six on-site parking spaces, a highly desirable feature in this high-density neighborhood. This is a rare opportunity to secure a new construction, low-maintenance asset under a master lease in a prime Los Angeles location with consistent rental demand, modern design, and strong income potential from day one.
Property Details
Price:
$15,600
MLS #:
26648003
Status:
Active
Beds:
12
Baths:
15
Type:
Single Family
Subtype:
Condominium
Neighborhood:
c34losangelessouthwest
Listed Date:
Apr 6, 2026
Finished Sq Ft:
5,755
Total Sq Ft:
5,755
Lot Size:
5,227 sqft / 0.12 acres (approx)
Year Built:
1905
See this Listing
Schools
Interior
Appliances
GD, MW, RF
Bathrooms
15 Full Bathrooms
Cooling
CA
Flooring
LAM
Heating
CF
Levels
S
Exterior
Architectural Style
CNT
Parking Spots
8
Parking Total
8
View
NO
Financial
Map
Community
- Address1200 W 38th ST Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90037
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Apr 07, 2026
7,431
Single Family Listed
88
Avg DOM
515
Avg $ / SqFt
$1,551,205
Avg List Price
Property Summary
- 1200 W 38th ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90037. It is listed for $15,600 and features 12 beds, 15 baths, and has approximately 5,755 square feet of living space, and was originally constructed in 1905. The current price per square foot is $3. The average price per square foot for Single Family listings in Los Angeles is $515. The average listing price for Single Family in Los Angeles is $1,551,205.
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1200 W 38th ST
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