New Fourplex Near
1200 W 38th St Los Angeles, CA 90037
1200 W 38th St, Los Angeles, CA, 90037
$2,899,000
For Sale
$2,899,000
MULTI_FAMILY - Los Angeles, CA
Property Size5,755 SF
Lot Size0.12 Acres
Price / SF$503.74
Days on Market66
Property Features for 1200 W 38th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- LARD1.5
- Bedrooms
- 12
- Bathrooms
- 15
- Rooms
- Bedroom 12, Bathroom 10, Bathroom 7, Bedroom 7, Bedroom 11, Bedroom 8, Bedroom 3, Bathroom 12, Bathroom 9, Bathroom 1, Bathroom 15, Bathroom 11, Bathroom 14, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 2, Bathroom 13, Bedroom 5, Bedroom 10, Bathroom 3, Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 6, Bedroom 9, Bathroom 8
- Parking
- 8
- Parking features
- Covered
- Standard status
- Active
- APN
- 5037-012-010
- Size
- 5,755 SF
- Lot size
- 0.12 Acres
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2026
- Floors in Building
- 3
- Number of units
- 4
Listing Agency
Keller Williams Beverly Hills
(310) 432-6400
439 N Canon Dr. Suite 300, Beverly HIlls, CA
Listed by
Arash Pashaei · License #02024961
(310) 402-9161
Added: May 14 Checked: Jul 18 at 3:06 am
MLS# 26831517
Listing URL
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.
Investment Insights
Based on property information with market context.
This newly constructed fourplex is located in Los Angeles, near USC and the LA Memorial Coliseum. Each of the four residences features an open concept floor plan with natural light and contemporary finishes. Every unit is configured with three bedrooms, each with its own private bathroom. The design allows for the potential addition of a fourth bedroom in each unit. In-unit laundry is included in all residences. All units are delivered vacant, offering flexibility for a new owner to implement a variety of leasing strategies, including renting units individually for long-term tenancy, leasing per bedroom to meet the high demand for student housing, or master leasing the entire building to a single operator. The property includes six on-site parking spaces. The property is zoned LARD1.5 and the lot size is 0.12 acres. The property size is 5755 square feet. This property offers the opportunity to acquire a rental asset in a strong leasing market. It is designed for modern urban living and built with tenant comfort in mind.
Key Highlights
- Newly constructed fourplex in a prime Los Angeles location.
- Each unit features three bedrooms, each with a private bathroom.
- Delivered vacant, offering immediate flexibility in leasing strategies.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $140.9k | $24.48 |
| − Vacancy | −$3.5k | −$0.61 |
| EGI | $137.4k | $23.87 |
| − OpEx | −$41.2k | −$7.16 |
| NOI | $96.2k | $16.71 |
5,755 SF · lease $24.48/SF/yr · vacancy 2.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $96,152 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.42M
NOI $85,461 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$2.26M
$1.97M – $2.63M
NOI $157,851 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - New fourplex in Los Angeles near USC and transportation.
Where is this quadplex located?
The property is located at 1200 W 38th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,899,000.
What are key features of this property?
This property features: Newly constructed fourplex in a prime Los Angeles location.; Each unit features three bedrooms, each with a private bathroom.; Delivered vacant, offering immediate flexibility in leasing strategies.
