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For sale
  • $2,899,000

    1200 W 38th St, Los Angeles, CA 90037

    12beds
    15baths
    5,755sqft
    : 
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    Multi Family
    Built in 2026
    -- sqft lot
    $2,834,500 Zestimate®
    $504/sqft
    $-- HOA

    What's special

    Contemporary finishes throughoutGenerous natural lightIn unit laundry
    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.
    68 days
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    55
    |
    1
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    Zillow last checked:

    Listing updated:

    Listed by:

    Arash Pashaei DRE # 02024961 310-402-9161,

    Keller Williams Beverly Hills 310-432-6400

    Source: CLAW,MLS#: 26831517MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 15
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Microwave, Disposal, Range/Oven, Refrigerator
      Interior area
      • Total structure area: 5,755
      • Total interior livable area: 5,755 sqft

      Property

      Parking
      • Total spaces: 8
      • Parking features: Covered
      Features
      • Levels: Multi/Split
      • Stories: 3
      Lot
      • Size: 5,227 Square Feet
      • Dimensions: 40 x 131
      Details
      • Additional structures: Other
      • Parcel number: 5037012010
      • Zoning: LARD1.5
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 2026

      Community & HOA

      Location
      • Region: Los Angeles

      Financial & listing details

      • Price per square foot: $504/sqft
      • Tax assessed value: $918,000
      • Annual tax amount: $9,685
      • Date on market: 5/14/2026

        Estimated market value

        $2,834,500

        $2.69M - $2.98M

        $1,942/mo

        Price history

        DateEventPrice
        6/1/2026Listing removed$15,600$3/sqft
        Source: CLAW #26648003 Report a problem
        5/14/2026Listed for sale$2,899,000$504/sqft
        Source: CLAW #26831517 Report a problem
        4/6/2026Listed for rent$15,600$3/sqft
        Source: CLAW #26648003 Report a problem
        3/20/2026Listing removed$2,899,000$504/sqft
        Source: CLAW #26653451 Report a problem
        3/8/2026Listing removed$15,600$3/sqft
        Source: CLAW #26648003 Report a problem
        2/18/2026Listed for sale$2,899,000-2.6%$504/sqft
        Source: CLAW #26653451 Report a problem
        2/18/2026Listing removed$2,975,000$517/sqft
        Source: CLAW #25580789 Report a problem
        2/5/2026Listed for rent$15,600$3/sqft
        Source: CLAW #26648003 Report a problem
        1/16/2026Listed for sale$2,975,000+230.6%$517/sqft
        Source: CLAW #25580789 Report a problem
        9/30/2022Sold$900,000-18.2%$156/sqft
        Source: Public Record Report a problem
        7/24/2022Pending sale$1,100,000$191/sqft
        Source: CRMLS #DW22125058 Report a problem
        7/15/2022Price change$1,100,000-14.7%$191/sqft
        Source: CRMLS #DW22125058 Report a problem
        6/13/2022Listed for sale$1,289,999$224/sqft
        Source: CRMLS #DW22125058 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$9,685 -14.2%$790,000 -13.9%
        2024$11,292 +1.9%$918,000 +2%
        2023$11,077 +30.5%$900,000 +523.9%
        2022$8,487 -32.8%$144,261 +2%
        2021$12,628 -0.1%$141,433 +1%
        2020$12,642 $139,983 +2%
        2019$12,642 +1%$137,240 +2%
        2018$12,516 $134,550 +2%
        2017$12,516 +0.3%$131,912 +2%
        2016$12,481 +66.6%$129,326 +1.5%
        2015$7,492 +358.3%$127,385 +2%
        2014$1,635 $124,890 +2.5%
        2012-- $121,890 +2%
        2011-- $119,501 +0.8%
        2010-- $118,609 -0.2%
        2009-- $118,892 +2%
        2008-- $116,562 +2%
        2007-- $114,277 +2%
        2006-- $112,037
        2005-- $112,037 +4%
        2004-- $107,688 +1.9%
        2003-- $105,715 +2%
        2002-- $103,643 +4%
        2000-- $99,621
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: South Los Angeles

        Getting around

        60 / 100
        Somewhat Walkable
        66 / 100
        Good Transit
        80 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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